Sectors

The Ethereum scaling technology developer raised two rounds this year as it prepares to move its platform out of beta.

SoftBank has thrown its weight behind the business intelligence software producer, which has now raised $119m altogether.

Prosus, Prudential Financial and Visa could exit remittance services provider Remitly when it floats later this year.

The investment firm has taken a majority stake in the sales communication platform developer, which had raised over $100m from investors including HubSpot.

Ally had raised $10m in seed funding from investors including UCB but disappointing animal studies led the company to be wound down.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.

WordPress and Tumblr-owner Automattic has acquired Frontity, a portfolio company and creator of a WordPress site development tool.

The sleep improvement-themed firm’s first fund counts ResMed as an investor, while the latter’s SleepScore Labs subsidiary helps its portfolio companies with product development.

Customer engagement management technology provider Plaid has become the major shareholder of a portfolio company that runs a similar service.

Genomics care provider Genome Medical closed a $60m round backed by several corporates while brokerage software producer Alpaca secured $50m.

Bilibili, CATL and Intel were among the investors that have backed the smart EV developer’s pre-series A round, valuing the Geely spinoff at $9bn.