Financial

Insurance and reinsurance provider Arch Capital is an investor and strategic partner for Premia, a newly formed property & casualty runoff insurance company.

The GM Ventures, Edison Energy and Exelon-backed round will support an expansion in production of Proterra's electric buses, as it shows EVs are still a viable target for venture funding.

BlueCross BlueShield Venture Partners led a series E round that included existing backers American Express Ventures, Verizon Ventures and Rogers Venture Partners.

The retail chain plans to invest up to $43m in app-based bank Tandem as part of an alliance that will involve Tandem's services being offered in its stores.

The automotive financing provider raised the capital in a round backed by online lending firms CreditEase and 360Jinrong, bringing its total funding to $86m.

IDG Capital has contributed to a $22m funding round that will help fintech producer Huisuanzhang establish an accounting firm network and improve its products.

Wealth management service Nutmeg has added $14.8m from Fubon Financial Holdings to a $37.2m series D round that reached its first close in November.

The Xiaomi-backed online brokerage has secured series B funding from a range of investors including new strategic partner Citic.

HNA Group's tourism financial services spinout has raised series B+ funding from investors including H Capital, CapitaLand and Pacific Securities.