Financial

The healthcare-focused crowdfunding service collected $74.5m in the Tencent-led round, which will be used to add AI technology to its insurance platform.

OUI’s first social enterprise spinout, Sophia Oxford, will implement a multidimensional poverty index and standards intended to help corporates respond to the needs of workforces.

Existing investor Tencent has returned for a $100m series C round that valued the cross-border financial remittance service at more than $1bn.

Elaine Jones, vice-president at pharmaceutical company Pfizer’s corporate venture capital unit, has shared highlights of her career with GCV ahead of her departure in April.

GLP-backed BitRock Capital has led an eight-figure dollar round for the digital wealth management platform that also featured existing backer BAI.

Busy Burr, a founding partner of Humana Health Ventures who featured on GCV’s 2017 and 2018 Powerlists, was named a director at Mr Cooper at the end of February.

The two rivalling US-based ride hailing platforms Uber and Lyft, both counting many corporates among their backers, are preparing to float on public markets in the coming weeks, with the valuations of the two combined likely to stand well above $100bn

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

The payment card services provider, which counts Visa, Commerzbank and CreditEase as investors, will seek a valuation of almost $1.9bn in the round.

Home equity investment service Point has raised $22m in series B funding from investors including Prudential and Bloomberg, and $100m in platform financing.

The Xiaomi-backed online brokerage floated above its range while its other corporate investor, International Brokers, bought more than $13m of shares.