Financial

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

Banco Santander México and Contpaqi have made strategic investments in fintech company builder InnoHub as part of a $12.8m round.

The Northwestern Mutual-backed alternative bank is reportedly seeking to more than triple its valuation from its last round in March.

Stanford-backed micro public finance platform Neighborly has paused the payroll in a concerted attempt to restructure the business and avert insolvency.

Morgan Stanley Private Equity backed a $42.2m round for non-banking lender Kogta Financial, having previously taken part in a November 2018 round through its Asia fund.

Munich Re provided the series C funding at a valuation exceeding $1bn to take its stake in the workplace insurance provider to approximately 27.5%.

SBI Group joined existing investor Augmentum Fintech to co-lead a $54.3m series B round for digital business bank Tide at a reported valuation of nearly $250m.

Our analysis shows that venturing rounds at most stages have grown their median dollar size. Later-stage rounds have experienced a much more pronounced growth.

SVB Financial Group co-led a $24.5m round for startup insurance provider Vouch Insurance that will help it pursue geographical expansion in the US.

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

The insurance provider helped parking space sharing platform Akippa take its overall funding from $22m in June last year to almost $33m.