Financial

Tola Capital led a round that included corporate venturing unit XL Catlin, increasing the commercial insurance provider's overall funding to $42m.

Curefit has set up an incubator that is expected to invest $5m in up to 10 packaged health food and organic product startups in the next two years.

Coca-Cola Amatil has ushered its accelerator program, Amatil X, into Indonesia to invest in startups specialising in on-demand delivery, distribution optimisation, in-store analytics and sustainable packaging.

City National Bank took part as Point72 and FinTech Collective co-led the round, which increased the online credit card platform's total funding to more than $14m.

Financial servicec provider Monzo, previously backed by corporate Orange and Stripe, raised $130m round at a valuation of $2.6bn, making it the second most valuable fintech developer in the UK.

Co-operators has formed an insurance technology investment fund that will be overseen by VP of corporate development Daniel Sinclair.

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

SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.

SoftBank has returned to lead a $300m series D round for online insurance provider Lemonade, which also welcomed Allianz and GV back as repeat investors.

Bridgepoint confirmed it has acquired a majority stake in Kyriba, enabling American Express, HSBC, Mitsubishi UFJ Financial Group, Bred Banque Populaire and Mizuho Bank to exit.

Ernest Fung, a GCV Rising Star this year, announced this week that he has departed from JD.com where he spent more than four years as head of international corporate development.