Financial

The accounting, audit and tax software developer has secured $7.8m in a series A round featuring XBTO and will use the funds to continue developing its platform.

Blockstream has raised cash from DG Lab Fund I, the investment vehicle formed by Digital Garage and Daiwa Securities, taking its total funding to $80m.

In addition to the $1bn series G round led by CapitalG, US-based ride hailing platform Lyft now puts another $500m into its coffers. This latest round comes to highlight the upward trends in the ride hailing and car sharing space.

Alibaba-backed online lending marketplace WeLab is seeking to raise up to $500m in an initial public offering on the Hong Kong Stock Exchange.

The smartphone maker aims to invest in 100 India-based startups over the next five years as it seeks to build its mobile app ecosystem.

AIB has invested approximately $35m in TransferMate as part of a strategic partnership, taking a stake of at least 10% in the process.

If it is shown that a different funding structure to just venture capital is helpful in AI then implications could cascade to other industries.

Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.