Financial

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.

Q&A with Tarik Galijasevic, managing director, Allstate Strategic Ventures

SoftBank-backed fraud detection software provider AIG’s BNPL subsidiary has entered into a decade-long collaboration scheme with Standard Chartered alongside the deal.

Advent International and Viking Global Investors are set to take control of the Visa-backed payment processing technology provider once the transaction is completed.

Singapore Exchange reinvested in the bond trading platform developer at a $2.4bn valuation, in a round led by Point Break Capital Management.

Allianz Life Ventures contributed to a round that boosted the investment tools provider's overall funding to $120m.

UOB and the venture firm’s joint vehicle has reportedly reached a first close sized at more than half its ceiling and is on its way to a final close later this year.

The insurer has pledged $13.5m to startup accelerator and incubator Founders Factory through a partnership modelled after a similar five-year initiative in 2016.

Singtel Innov8 is set to exit cybersecurity technology developer Bitglass in an acquisition deal while Nio Capital contributed to marketing software developer Whale's $50m series B round.

WestCap and Caisse de dépôt et placement du Québec co-led a round valuing the Tether-backed crypto lending platform developer at over $3bn.

The reinsurance provider's corporate venturing arm is bolstering its portfolio development activities alongside the launch of its latest fund.