Financial

Fund for early and growth-stage startups targeting blockchain, decentralised finance (DeFi) and digital assets.

Brandon Gath, previously head of corporate development at Kraken, has been made general partner of Kraken Ventures.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The financial services and insurance group had initially earmarked about $100m for strategic investments in 2017 and has since backed 25 companies.

Wanxiang's HashKey Capital vehicle is among the backers for the blockchain accelerator's venture capital fund.

Alphabet and Ping An are in line for exits after the online health insurer filed to float on the New York Stock Exchange.

LendingTree-backed finance and investment platform operator Stash’s latest round took its total funding to $417m and valued it at $1.4bn.

Intact Ventures led an $11.5m round for the business insurance software provider that was also backed by Lackawanna Insurance Group.

The share trading platform operator reportedly secured a combination of equity and debt funding to face obligations arising from the recent stock market frenzy.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The Ping An and SIG-backed cross-border payment services provider will list on the Nasdaq Capital Market through the merger with FTAC Olympus Acquisition Corp.