Financial

For many of the attendees at the Global Corporate Venturing and Innovation Summit 2021 held late last month in Monterey, California, the conference was their first in-real life (IRL) event since the pandemic effectively stopped them in the first quarter last year after the previous summit.

Corporate-backed communications monetisation technology developer Matrixx Software raised $50m from Francisco Partners while cancer drug developer Abalos took the same in a BIVF-backed round.

The Ascent Health and Wellness Solutions, Manipal Education and Medical Group, Medi Assist Healthcare Services and Prosus-backed online drugstore secured the funding at a $5.6bn valuation.

The financial enterprise software provider revealed $50m in series B funding from investors including Commerzbank and BNP Paribas alongside a $20m series A featuring Wix and Mitsubishi UFJ.

Bond trading platform developer Trumid raised its latest round, featuring Singapore Exchange, at a $2.4bn valuation. This is one of the latest examples of such multi-million dollar deals from the roaring fintech space.

The cybersecurity insurance provider added $20m from Ion Crossover Partners for a round already backed by Microsoft and Munich Re, at a $1.35bn valuation.

Upstart, PayPal and J Safra Group participated in a round in which the microfinance platform developer reached an $800m valuation.

DocuSign Ventures will invest in technologies such as process automation, smart contracts, digital payments and identity verification.

SoftBank Vision Fund 2, Wells Fargo Strategic Capital and SBI Group were among the investors filling up the risk analysis software provider's coffers in its latest round.

DMI Group was among the investors in a series C round valuing the banking API developer at $355m post-money.

Neurological disease drug developer Axial raised $37.3m from investors including Taiho Ventures while Best Buy is purchasing OSF and Legal & General-backed remote healthcare technology provider Current Health.