Industrial

Innovative region: South Africa

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Deeptech Labs, an incubator backed by Cambridge Innovation Capital, has announced its inaugural cohort of five startups that have each received $485,000.

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.

Transcarent has raised $58m from Bayer and Merck, while Nvidia has bought DeepMap, one of its portfolio companies also backed by Bosch.

A total of 40 property owners, operators and developers have helped the real estate-focused venture firm close its sophomore vehicle.