Financial

Since its passage, the Bayh-Dole Act has bolstered US economic output by up to $1.7 trillion, supported 5.9 million jobs and helped lead to more than 14,000 spinouts.

Professional education provider Platzi pulled in $60m through a Prosus-led round while e-commerce software producer Marketplacer took in $38m from investors including Salesforce Ventures.

Already active in blockchain gaming investment, the corporates are teaming up to accelerate the monetisation of the sector.

Hometap's home equity finance model - part of a wave of digitisation in the property finance space - has been validated again by an American Family-led round.

Salesforce Ventures helped supply $62m for business intelligence software developer Klue while GS Retail invested $55m in mobility services provider Kakao Mobility.

The semiconductor producer completed a nine-figure series C round from investors including SAIC Motor. This is a deal from the semiconductor and chips space, which does not normally see many corporate-backed deals but our data suggest valuations are currently experiencing upward pressure.

SoftBank’s Latin America Fund helped prayer app developer Glorify raise $40m at a $250m valuation while decentralised derivatives network Hxro Network secured $34m in a round featuring several corporates.

The crowdfunding service increased its latest round to $84.5m and has formed a joint investment vehicle with Lotte.

SoftBank Vision Fund 2 invested in sneaker marketplace operator Soda at a $336m valuation while university application platform developer CollegeDekho increased its series B round to $35m.

Amber Group led the DEX platform’s latest round, participating together with about 50 investors including Gemini Frontier Fund, Alameda Research and Jane Street Capital.

Goldman Sachs and CLSA were among the investors that provided $63.4m to take the online lending marketplace's total funding to over $83m.