Financial

The financial services provider is reportedly looking for a management team for the $100m fund in Germany. 

GCV Leadership Society chairman’s welcome letter by Young Sohn, chairman of the board, Harman International and senior advisor, Samsung Electronics

World of Corporate Venturing 2021 editorial by James Mawson, editor in chief, Global Corporate Venturing

Existing investor Tencent returned to back an eight-digit dollar round for the insurance advisory platform that will fund innovation and brand management.

Colin Fan, previously a managing partner at the investment management subsidiary overseeing the SoftBank Vision Funds, will assume an adviser position at the unit.

Clerkie, Ketos, MedHaul, Perch, Shift, Superpedestrian and Vyv have all received funding from the banking group’s $200m Impact Fund.

Transamerica, Aegon and Reinsurance Group of America have exited the inheritance planning platform developer in a purchase by National Guardian Life.

University of Zurich has generated 143 spinouts since 1999, 75 out of which were founded in the past decade.

The American Express and Salesforce-backed billing settlement platform developer has bolstered its valuation to $1.3bn through the latest round.

Singapore Exchange and Tokai Tokyo Financial Holdings both took part in a series A round for iStox, owner of a digitised security offering trading exchange.

Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.