Industrial

Four businesses have collected $37,000 in equity funding each from a micro-VC fund established by University of Waterloo’s Velocity unit in support of the Velocity Fund Finals competition.

Telecoms fim SoftBank led a $300m series D round for insurance provider Lemonade, which also featured previous investors Allianz and GV.

Building on UMCP research, PaverGuide supplies a base material for laying paved surfaces made from recycled plastic rather than stone.

Outdoor electronic goods producer Sonim Technologies has filed for a $57.5m initial public offering that would provide exits for Motorola Solutions and JVC Kenwood.

The House Fund has made its second investment in additive manufacturing software developer Dyndrite as part of a round that raised more than $10m.

Willow Biosciences is the result of a three-way merger between University of Calgary spinout Epimeron, BioCan Technologies and CSE-listed Makena Resources.

Microelectronics Technology Laboratory spinout Smart Force Technologies’ mask-less 2D microfabrication technology will be integrated with new 3D printers developed by Microlight3D.

The space debris removal company has raised another $30m for its series D round from investors including UTokyo Innovation Platform and has now received $132m in total.

Financial servicec provider Monzo, previously backed by corporate Orange and Stripe, raised $130m round at a valuation of $2.6bn, making it the second most valuable fintech developer in the UK.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.