Financial

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

The corporate-backed cross-border money transfer platform is seeking between $75m and $100m, with a US strategic investor set to lead the round.

Allianz France is among the investors that provided $15.5m for newly launched specialist insurance startup Seyna.

Liberty Financial returned to participate a $13.6m series D round for Moula, with the capital going toward the online lender’s technology development and recruitment.

Hiscox is set to exit digital insurance processing platform Indio Technologies in an acquisition by Applied Systems that follows $28m in venture funding.

Mobile bank operator Chime has closed a $500m series E round at a $5.8bn valuation – an increase of $4.3bn in nine months – backed by Access Industries.

The number of acquisitions of companies that have received corporate backing had been decreasing over the past few years but by the end of October this year it registered a rebound.

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

Mac Ventures will receive support from Yeshiva University business school students, making early-stage investments in a number of tech-oriented sectors.

MUFG Innovation Partners contributed to a round that boosted the valuation of the blockchain-based lending platform to $1.2bn.

Stripe-backed payment localisation platform Rapyd raised the cash from Durable Capital Partners at a reported $1.2bn valuation to help drive its merger and acquisition strategy.