Financial

Tengelmann Ventures was among the participants in a $27.5m round that increased the digital wealth manager's overall funding to more than $73m.

HashPort Accelerator will help international entrepreneurs to enter the Japanese market, assisting them with fundraising and localisation.

GCV Powerlist member Gen Tsuchikawa on Sony and Daiwa Capital Holdings’ new investment vehicle.

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

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

Cathy Gao has called time on her tenure at corporate venturing unit Axa Venture Partners to take a vice-president position at Sapphire Ventures.

Massachusetts Mutual Life was among the participants in the $32.5m round, which will help the online business lending service expand its presence in Southeast Asia.

The blockchain banking platform developer secured $14.3m in a round co-led by Sony Financial Ventures and NKB Group, and will use the cash to expand its team.

Bank Rakyat Indonesia has put $100m into BRI Ventures, which could receive up to $250m and which will be headed by ex-MDI Ventures CEO Nicko Widjaja.

Venture capital firm Outward’s fintech-focused fund has raised about half of its $91m target, having secured NIBC Bank as a limited partner.

Existing shareholders Ant Financial and Fosun are reportedly looking to participate in a round that would allow MyBank to increase its lending capabilities.