Financial

Digital Asset, backed by a host of corporates including IBM and CME, has raised more than $40m in series B funding, taking its total capital to $110m.

Tengelmann Ventures has led small business lender Compeon's series B round, having previously backed its $2.8m series A two years ago.

Legend and Susquehanna International Group stand to score an exit as peer-to-peer lending platform PPdai gears up for a flotation on the New York Stock Exchange.

GCV Analytics analysis shows that most venturing rounds have experienced growth in their median dollar size, though later rounds have experienced a more pronounced increase.

Commerzbank and CreditEase co-led a $12.8m round for digital commerce platform developer Omnyway that will fund new products and international growth.

Intel Capital and Info Edge-backed online insurance and loans marketplace operator eTechAces has raised $77m in a round that valued it at $500m.

Kobalt has secured $14m in a Section 32-led second tranche of the round, which features Hearst and which valued the music services provider at $700m pre-money.

Insurer CV Starr has participated in an $18.5m round for business insurance startup CoverWallet as part of a product development collaboration deal.

Seed-stage investors investors Everest Re Group and Houston International Insurance Group have returned to reinvest in the down payment insurance supplier.

True Link, a Cambia Health Solutions and Ziegler-backed financial services provider for the elderly, has secured $8m from a trio of investors.