Financial

Grab has added $50m from Kasikornbank to a round sized at $2.7bn, following a $250m investment by Hyundai and Kia earlier this week.

Global Corporate Venturing’s inaugural award for ‘Energy-tech Corporate Venture Capital (CVC) Investment of the Year’ was announced on November 8th during the Venture Houston conference.

Lloyds took a 10% stake as it led a $23.5m series A round for Thought Machine, gaining access to the fintech developer’s cloud-based banking platform.

University of Minnesota is part of a list of limited partners that provided $150m for Brazil-based venture firm Monashees to close its eighth fund.

Itochu, SBI Investment, Nippon Gas, UFI Futech and SMBC Venture Capital all invested as mobile payment technology developer Pring raised $11.4m.

Peer-to-peer lending platform PPDai was among the investors in a $14.4m round for the online insurance portal, whose earlier investors include Fosun Kinzon Capital.

The Naver-backed Korelya Capital led the blockchain technology provider's placement, which included Dentsu, Macquarie Capital, Foyer and MACSF.

Ant Financial was among the participants in a series C round for the rural microfinance and financial trading provider that was led by Rise Fund.

MassMutual Ventures Southeast Asia plans to invest in up to 15 early-stage enterprise software, digital health, fintech and insurtech companies in the next three years.

Power Corporation’s Portag3 Ventures has achieved a first close of $150m for its second fund thanks to a range of insurance and financial services investors.

Parent company Admiral supplied $10m of convertible debt financing for car insurance spinoff Compare.com in a round that took its overall funding to $185m.