Financial

The accounting platform operator’s investment subsidiary has unveiled Hirac Fund’s $11.7m initial close with multiple corporate LPs on its way to a $29m ceiling.

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

Thought Machine has added $42m to its series B round, bringing its total to $125m and welcoming SEB as a new investor.

Digital Garage has contributed to a $20m series B round for EMQ, which will use the cash to drive international growth for its cross-border payment network.

Backed by Tether International, Celsius Network offers crypto-secured loans without a credit check denominated in US dollars.

The online home insurer raised a series E round backed by a host of corporate venture investors.

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

Matt Kolling has taken on the chief investment officer position at Union Bank’s corporate venturing unit nearly a year after joining its parent company Aboitiz as head of venture investments.

American Family and Scor participated in a round that will support the expansion of Branch's digital insurance platform through the United States.

Scalable Capital is valued in excess of $460m following a round that lifted the digital wealth manager's total funding to about $130m.

Scalable Capital is valued in excess of $460m following a Tengelmann-backed round that lifted the digital wealth manager's total funding to about $130m.