Sectors

The challenger bank’s Vanderbilt University-backed series G has been boosted by new funding at the same $1.57bn valuation.

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

JD.com's medical products spinoff has gone public in Hong Kong's largest initial public offering this year, valuing it at close to $29bn.

The appliance and electronics retailer has spun off an e-commerce and retail services arm with external funding valuing it at $3.8bn.

Rock Springs has led a round that will drive R&D and recruitment at AI drug design company Genesis Therapeutics, which emerged out of Stanford.

Walmart is leading a $700m round being raised by financial services app developer PhonePe at a $5.5bn valuation as it is spun off by Flipkart.

Johns Hopkins and Pitt-linked digital pathology platform Proscia has increased its funding total to $35m with a series B round involving Hitachi Ventures.

Goodyear, Union Pacific, CN Rail, US Xpress, Kroger, The Traton Group and Navistar contributed to a round taking the smart truck developer's total funding to $648m.

The series C round was led by SoftBank Vision Fund 2 and backed by GLP Capital Partners, GV and Volvo Group Venture Capital at a $500m valuation.

The challenger bank's Orange and Stripe-backed series G has been boosted by new funding at the same $1.57bn valuation.

State-owned banks and investment firms are behind the latest funding round for the Cisco, Country Garden and Greenland Holdings-backed big data technology provider.