Financial

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

Legal & General co-led the $32.8m series C round, which will fund the financial wellbeing platform's growth in the UK and US.

China-based Longwater Investment’s advanced materials-focused fund has received a limited partner commitment from the chemicals producer's corporate venture capital unit.

Elliott Robinson, who was one of GCV’s 2019 Rising Stars, has resigned from his partner role at M12 to assume a growth equity investor position at Bessemer Venture Partners.

LPs including Sompo Japan Nipponkoa and Tokio Marine have put their weight behind Globis Capital Partners’ sixth fund, which is targeting a $335m final close.

QBE and Starr Companies-backed insurance underwriting software provider Cytora has secured $32.6m in an EQT Ventures-led round.

Cambridge Innovation Capital and Parkwalk Advisors have both returned to back a $32.6m series B round for Cytora, an insurance technology spinout of Cambridge.

Congruent Ventures has led a $2.5m funding round for Energetic Insurance, which hopes to enable SMEs to tap into the solar energy market.

Existing investor Femsa participated in a round that will be used to expand the digital payment technology supplier's product range.

ING Ventures led a $21.4m round that also featured PSN, increasing the personal finance management app developer's valuation to $180m.

Existing backers Standard Chartered and Orix are among the prospective investors as the peer-to-peer lending marketplace seeks $100m in funding.