Sectors

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

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

Keio spinout Heartseed has added $37m to its coffers thanks to the university's Innovation Initiative and UTokyo Innovation Platform.

BOE Technology and Will Semiconductor have chipped into a series C7 round for the multicorporate-backed AI computing chip producer valuing it at $5bn.

TUM spinout Celonis has grown to Germany’s first decacorn, three years after becoming the university’s first unicorn.

The Tencent, Naspers and BCC-backed educational course provider secured the funding at a $16.5bn valuation, adding to $1bn it raised in April.

The SoftBank, Tencent and Shougang-backed online car retailer boosted its valuation to $10bn in a round led by H Capital.

SoftBank has returned to reinvest in the American Express-backed payment technology provider, which is now valued at nearly $2bn.