Financial

The newly minted Cake DeFi Ventures, will invest in gaming, Web3 and financial technology developers on behalf of its decentralised finance parent.

GV and Animoca Brands helped earphone developer Nothing secure $70m while Cialfo bumped its Seek-backed series B round up to $60m.

The financial services provider’s Ganesha Fund will focus on India-based fintech and IT startups that can help develop new products and digitalise its core business.

JPMorgan Chase and Salesforce Ventures took part in financial services provider Propel's $50m series B round while prayer app developer Glorify closed its second $40m round in three months.

Banking software provider Zeta netted $30m from investors including Mastercard at a $1.5bn valuation while drug development services provider Staq Pharma closed its series C round.

The corporate venturing industry is pushing towards a 50:50 split in senior investor roles.

STV co-led a $54m extension lifting BNPL service Tabby's series B round to $104m while online seafood marketplace Captain Fresh doubled its valuation to $500m in a $50m series C.

Santander Holdings USA was among the participants in a round valuing the online automotive finance provider at almost $700m.

CSAA participated in the first close of a series D round for Kin Insurance, which is part of the broader insurtech space, which has enjoyed the attention of corporate venture investors.

Carbon-to-diamond technology developer Aether raised $18m in a Helena-led round while healthcare fintech startup Lynx emerged from stealth with $17.5m from investors including Commonwealth Care Alliance.

Fitness app developer Keep filed for a Hong Kong IPO while construction data software provider OpenSpace secured $102m and Snowflake agreed an $800m acquisition of data technology producer Streamlit.