Financial

Raja Doddala, formerly head of TIAA’s B2B digital team after co-founding CVC unit 7-Ventures, has been promoted to lead the company’s fintech strategy and development.

Additive manufacturing provider Desktop Metal raised a $160m round led by Koch Disruptive Technologies and featuring other corporate investors

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

Hearst Ventures invested in Geophy as the commercial real estate appraisal platform eyes expansion in the US, Europe and Asia Pacific.

Ant Financial has completed a nine-figure renminbi investment in the point-of-sale device maker in the form of series C-plus funding.

Online investment adviser Nutmeg has secured $58.3m in a round co-led by Goldman Sachs Principal Strategic Investments and existing backer Convoy.

The Kuang-Chi Group-backed payment card technology provider has raised $14m in an oversubscribed share offering ahead of a planned public listing at the end of this month.

Insurance group Axa has provided $150m for the second early-stage fund to be run by its corporate venturing subsidiary, following its $110m AVP Early Stage I fund in 2015.

Orange and Sodexo-backed cash management platform Wynd has secured $81.8m in funding from investors including new strategic partner Natixis.

PayPal has returned to reinvest in Dosh as part of the series B equity portion of a $40m round that reportedly valued it at $300m.

The conglomerate has led the automotive insurance provider's series B round, which included corporate venturing unit American Family Ventures.