Financial

With news that We Co has withdrawn its IPO filing, we take a look at what the move could mean for corporate venturing going forward.

Norwest Venture Partners has acquired a 5% stake in JPMorgan Chase and Chernin Group-backed digital banking service provider Dave at a $1bn valuation.

The financial and insurance product marketplace has raised the largest ever series A round for a Spanish fintech startup, from a consortium including USM.

BAI returned to back insurance services provider Mintbao having previously supplied angel funding in March 2018.

Its technology sector is the bedrock but the innovation boost the country needs is beginning to happen.

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.

Citi Ventures and RBC Ventures have both backed payment data managment platform Fidel in a series A round that will fund hiring and international growth.

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

Allianz Asset Management reinvested as Poste Italiane led a $44.4m round bringing the wealth management services provider's total funding to more than $125m.

Venture capital firm Runa Capital co-led a $21.9m round for the PayU and Rakuten-backed consumer lending platform to bring its overall funding past $300m.

Financial services-focused contextual search platform Selerity has been purchased after raising more than $12.3m in equity funding from investors including Citi.