Financial

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

Tencent and Comcast are also set to exit the African payment tool provider in a purchase by fellow investor Stripe reportedly sized at more than $200m.

Allianz X returned for an $86.7m round that valued the trading, wealth management and personal finance technology producer a shade above $1bn.

PayPal Ventures came onboard in a series B round that will fund the expansion of Extend's digital warranty service in addition to its team.

Sella Group’s debut fund of funds has secured Aviva, HDI Assicurazioni, Banca Sella, Banca Patrimoni Sella & C, Banco BPM and Fenera Holding for its $35.3m first close.

DocuSign came on board as an investor in a series C round led by Y Combinator Continuity that lifted the digital mortgage software provider's total funding to at least $100m.

The merchant payment and bookkeeping app developer won investment from GMO Venture Partners in its third round this year.

Eli Lilly is to exit the genetic sequencing system provider Readcoor in a cash-and-share acquisition by 10x Genomics. This is one of the relatively few exits we have seen in this space over the past decade.

Z Corporation has exited its 40% stake in crypto trading exchange TaoTao in an acquisition by SBI.

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

The $47.3m SuMi Trust Innovation Fund is expected to invest its capital over a decade and will target companies developing digitisation products.