Financial

Cambridge's Featurespace boosted its funding total to $108m having assembled a consortium including existing investor IP Group for its latest round.

The peer-to-peer lending platform secured the backing of Kuok Group and existing investor Siam Cement Group to bring its lifetime funding to $40m.

WeFit and Leflair are among the corporate-backed companies that have shut down amid Covid-19 closures.

CommerzVentures and Munich Re Ventures both returned for a $97.4m funding round that brought the pet insurance provider’s total funding to more than $132m.

Sunshine Insurance has led a $60m series C-plus round for the bookkeeping software developer that also attracted existing shareholder Xiaomi.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

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

Following regulatory approval, SoftBank has led a $125m series B round for the digital lender that was first announced earlier this year.

Yuan Gao, formerly head of strategic investments, has ascended to head of corporate strategy and investments, almost five years after joining the parent company.

Financial services provider Reyl and Cie has spun out Alpian in a bid to claim what it views as the market opportunity for a digital Swiss banking firm.

Visa has participated in a series D for Nium, the international remittance service formerly known as Instarem, with earlier reports suggesting a $75m to $100m round size.