IT

The fund, a joint venture for Intel’s corporate venturing unit and its Intel Foundry Services subsidiary, will seek out startups developing novel semiconductor technologies.

Alphabet’s growth equity arm promoted several team members in 2021 including new general partner Jesse Wedler, Jackson Georges, James Luo, Jamie Rosen, Jeremy Zhu and Nina Gerson.

Financial services provider Tribal raised $60m in a SoftBank-led series B round while Credit Saison invested $30m in a round for peer-to-peer lender Julo sized at up to $60m.

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

Prosus Ventures committed capital to e-commerce finance provider Wayflyer at a $1.6bn valuation, increasing its overall funding to over $236m.

Citi Ventures and Visa helped e-commerce services startup Cart.com raise $240m while SoftBank Vision Fund 2 took part in nine-figure rounds for Dewpoint and Platform Science.

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

Intel and Alibaba-backed database software producer MariaDB agreed a $672m reverse merger while predictive analytics provider Pecan AI was one of three GV investments.

Constuction materials marketplace RenoRun's $142m Schneider Electric-backed series B round headed up some large rounds for Canadian companies also including League and Ekona Power.

AInnovation floated weeks after another SoftBank-backed AI technology provider, SenseTime, while a third - Cybereason - has reportedly filed for its own offering.

Sector report: finance