Financial

The children's debit card provider has now raised more than $77m in total, having secured new funding from investors including JPMorgan Chase, Wells Fargo and Live Oak Bank.

Citi Ventures, Santander InnoVentures and American Express Ventures chipped in for a $52.8m series C round revealed together with approximately $7.6m in follow-on funding.

Three corporate venturing windfalls have resulted in three different strategies to maximise shareholder value over the long-term.

With innovation in technology fast outpacing traditional business processes, corporations are increasingly turning to investments as a way of adapting to change and staying ahead of the competition.

New York has one of the most vital tech ecosystems in the world, with Silicon Alley in Manhattan said to be the east coast’s answer to Silicon Valley.

Sister publication Global University Venturing’s analysis of the second quarter of 2019 shows increased investment activity as the year progresses and record-breaking amounts generated through exits.

The developing digital health sector has had to wait almost three years for the public markets to open up to it, but when they did, it was corporate venturing portfolio companies that were first through the flotation exit doors.

Sector review: Telecoms

“WeWork’s Bonkers IPO,” said Fortune’s daily newsletter. “The Weirdness of WeWork’s IPO Filing”, sister publication CEO Daily called it, adding: “If a recession is coming, the WeWork IPO filing… will be a fitting capstone for the peak.”

PDDai and Bertelsmann Asia Investments invested as part of a round bringing the online insurance consultancy’s overall funding to more than $41m.

Corporates Ping An and Raisin have invested in Joonko, a financial services comparison portal launched by Ping An portfolio company Finleap.