Financial

Quarterly data: Q3 2021

The Ally Ventures-backed HAS platform operator’s latest round included Telstra Ventures and took its total funding to in excess of $120m.

Innovative region: Brazil

Sector report: Oil and gas

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.