Sectors

Relx-backed language learning app developer Babbel could be valued at up to $2.4bn through an initial public offering on the Frankfurt Stock Exchange.

Home rental finance service Jetty bagged $23m from investors including Citi, Farmers Insurance and CreditEase, while ByteDance co-led IoT technology developer RiVai's latest round.

The corporate-backed synthetic silk producer increased its valuation to over $1.2bn in a round led by Carlyle Japan Partners.

PayPal was one of several corporates to invest in Paidy before agreeing this week to purchase the consumer finance service provider.

Stripe helped cross-border payment processor Wave secure unicorn status in a series A round led by Sequoia Heritage at a $1.7bn valuation.

Tencent, BCC and Naspers-backed study materials provider Byju's reportedly hiked its valuation to $16.9bn in the round, which was led by Asmaan Ventures.

Scor joined returning investors Investec and Passion Capital to back the expat-focused auto insurance platform’s series B round, valuing it at $1.25bn.

LabCorp and Cedars-Sinai-backed Emulate will use the cash to further develop its organ-on-a-chip technology and has now raised nearly $225m in total.

The workforce training platform developer secured the cash in a series B2 round featuring HV Capital, taking its overall funding to over $130m.

Kyoritsu Holding and Tencent were among the investors that backed the pet antibody therapeutics developer, a spinout of Wellcome Sanger Institute.

Country Garden and Poly Group-backed Real Estate Industry Chain Empowerment Fund led a series B round for the vacuum cleaner producer that included Xiaomi.