IT

CapitalG was among the investors in the digital asset transfer service’s latest round, which boosted its overall funding to $1bn and valued it at $8bn.

Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.

Baidu and Geely committed $400m to Jidu, their joint venture from the hot electric vehicle space. The proceeds from this latest transaction will go to R&D and mass production of cars.

Cisco had agreed to back Jon Sakoda, founder of Decibel and a former GCV Rising Stars award winner.

Corporate-backed IoT technology producer Sigfox has filed for bankruptcy protection, possibly a casualty of a wider clustering of venture capital investment.

SoftBank Vision Fund 2 helped blockchain technology provider Blockdaemon close a $207m series C round while Qualcomm-backed audio equipment brand BoAt is targeting $246m in its flotation.

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

SoftBank's Vision Funds took part in a $260m series F round for online finance provider Creditas and led last-mile delivery service Paack's $225m series D.

Tamara Steffens, a GCV Powerlist 2021 award winner at Microsoft’s M12 unit, is reportedly set to help establish a $100m fund for Thomson Reuters.

Daniel Karp had joined Cisco Investments in 2013 to focus on Israel and Latin America and has now left for Cervin Ventures.

Razorpay is reportedly eyeing the possibility of acquiring Amex-backed Ezetap while Sayata and Spectrum Labs were among the companies that received corporate backing.