Financial

Asahi Kasei Ventures took part in a $70m round for food waste technology provider Hazel Technologies while Zoll Medical Corporation bought portfolio company Respicardia.

The insurer has made an initial $137m commitment to its newly formed Phoenix Venture Capital Partners unit, which will back ESG-minded entrepreneurs in the UK.

American Family and Cox Enterprises have helped the digital insurance provider reach a unicorn valuation and take its overall funding to $329m.

The RO Group has formed an investment subsidiary to back property, financial and clean technology developers.

SafeGuard Cyber has raised $45m in a Cisco-backed debt and equity round while Pine Labs has paid the same amount to buy portfolio company Fave.

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

AVP Growth Fund II has secured half of its targeted close and will back early to late growth-stage developers of fintech, healthtech, insurtech and enterprise software.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The transaction hiked the onine mortgage platform developer's valuation 50% to $6bn in five months as it begins to prepare for an initial public offering.

The Youzu Interactive-backed credit rating services provider has collected $34.8m in a series C2 round led by CDB-CDC Capital.

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.