Sectors

Tsinghua Holdings has helped the venture fund, managed by DeePhi founder Yao Song, reach a $30.9m close.

The insurer is set for a reverse merger with Reinvent Technology Partners Z to list on the New York Stock Exchange at a valuation of $5bn.

Seek Group, Times Internet and Laureate Education are all in line for exits when the Stanford University online education spinout lists on the New York Stock Exchange.

Ascension Ventures has closed its fifth fund at $285m with the backing of 13 health systems.

Ant Group has co-led a $154m round for the medical payments technology provider, which came a year after a China Re-backed series A-plus.

Qutoutiao’s literature platform subsidiary is raising series C financing and will use the cash to ramp up its content.

The workforce management software developer has been valued at more than $1bn in a $100m series C round backed by Workday.

Nationwide Insurance has backed a series E round for Beam that increased the dental insurer’s total funding to $160m.

Amazon Climate Pledge Fund has helped the electric motor producer increase its total funding to $180m.

Honeywell Ventures has hired Giancarlo Savini to identify cleantech deals and help its parent firm strike up commercial agreements with the portfolio companies, similar to his previous job at Shell Ventures.

Seek has returned to lead the human resources management software provider’s $34.8m round, which featured Salesforce Ventures and returning investors.