Financial

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

Lloyds and Nationwide Building Society contributed to a round that pushed the payment software provider's overall funding to $51m.

The Alphabet and Roc Nation-backed share trading service boosted its valuation from $8.3bn to $11.2bn in the space of a month after series G funding from D1 Capital Partners.

American Express will acquire the SoftBank, UPS, Santander and Recruit-backed business lender's assets excluding its loan portfolio, for a reported price $350m lower than the valuation for its last round.

Growth equity firm Greyhound Capital has received backing from Rabobank's Rabo Frontier Ventures vehicle as it raises its second fund.

The gig worker-focused mobile wallet developer tested its technology within Cabify before reeling the corporate in for a $12.5m round.

Ziegler Link-Age contributed to a round for SoftBank-backed financial wellness service PayActiv that increased its overall funding to $133m.

Bertelsmann vehicle BDMI was among the investors that helped push the overall equity funding for charity crowdfunding platform Omaze past the $50m mark.

Amid the covid-19 pandemic, interest in life sciences is now perhaps at its highest. This is true in corporate venture capital and three of the multimillion-dollar stories we reported in mid-August corroborate this.

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

UChicago has returned for a $35m series B round for Kin Insurance, co-founded by an alumnus of the university’s Booth School of Business.