Financial

Corporate-backed medical imaging technology producer Lunit is preparing to float in South Korea while cancer drug developer Pheast secured $76m from investors including Alexandria Venture Investments.

Massachusetts Mutual Life's venture capital arm has formed a fourth fund, which will concentrate on European and Asia-Pacific investments.

Yangtze River Pharmaceutical Group led Binhui Biopharm's $47m series B-plus round while Sigfox has been snapped up by UnaBiz for under $30m after raising over $300m.

Web3 security software producer Certik received $60m from investors including SoftBank Vision Fund 2 while corporate-backed automation technology provider Vicarious is being bought after raising over $250m.

Swiggy helped boost Rapido's valuation to $800m in a round that featured Shell Ventures and TVS Motor. This is a deal of a rather surprising size and valuation in a space that has not been as hot over the past years, as far as corporate-backed deals are concerned.

Appliance management app developer Fresco's $20m round was co-led by Vorwerk and Instant Brands while NBCUniversal and Hearst helped media measurement software provider TVScientific raise $20m.

Monthly data: March 2022

Quarterly data: Q1 2022

Innovative region: Japan

Sector report: consumer

SK Hynix, Marvell and M12 helped data centre technology producer D-Matrix pull in $44m while health insurance provider SafetyWing raised $35m from investors including Digital Garage and CreditEase.