Financial

A range of corporate LPs made commitments to the third vehicle raised by the US and Japan-focused venture firm, which has reached a final close.

Special report: pandemic has boosted venture dollars across health AI

Allian X has returned to back the mobile insurance provider in a fresh funding round that included fellow corporate venturing unit CreditEase Fintech Investment Fund.

Prudential and AIA are reportedly in advanced discussions to invest in Grab Financial Group, which is seeking $300m to $500m in capital.

American Express Ventures has been named as an investor in business payment platform developer Melio, which just closed an $80m round that hiked its overall funding to $144m.

Checkout.com made its first investment in the cross-border payment platform as part of a round that will fund its expansion in emerging markets.

NTT Investment Partners supplied a reported $4m for a round that valued the payment software developer at $338m post-money.

After the announcement of Warren Buffett’s bet on Japan’s largest trading houses, we take a brief look at how they have been doing on the corporate venturing arena.

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

Centerbridge has led a $178m round as part of a primary and secondary share purchase that will give it a majority stake in the Aegon and Transamerica-backed lending platform.

MDI Ventures, BRI Ventures and Mandiri Capital Indonesia will be tasked with investing in technologies that can modernise state-owned enterprises.