Sectors

Info Edge's Makesense Technologies subsidiary is joining forces with one of its portfolio companies, PolicyBazaar owner PB Fintech, which is also backed by Intel, SoftBank and Tencent.

National Grid Partners, which has deployed $227m since it was formed, has been allocated a further $150m for strategic investments.

Prosus Ventures is in line to exit the digital customer engagement data analysis group - reportedly valued at up to $2bn - which has filed to go public in New York.

Mercuria has invested in rare metal provider TechMet, which has now secured $170m in total and which is already planning to raise a further $250m.

The rooftop solar installer has agreed to raise $50m in equity funding and up to $54m in convertible note financing from solar project developer Solegreen.

Alexandria Real Estate Equities helped the cancer detection software developer through a convertible note round.

Venture Catalysts’ accelerator has now raised $70m so far and is set to reach a final close by the end of this year.

GMO, Gree and Vector are among the limited partners in the venture firm’s sophomore fund, which has a $91.8m target for its close.

TDK Ventures and XTX Ventures participated in a sizeable round raised by the advanced computing technology provider Groq at a unicorn valuation. The company is part of the larger artificial intelligence (AI) space, which has seen much and sustained interest by corporates in recent years.

Alchemab Therapeutics has raised $80m to advance research originating at University of Oxford, Johns Hopkins University and Mount Sinai Hospital.

MaC Venture Capital has raised its inaugural seed fund thanks to limited partners including University of Michigan and Howard University.