Sectors

Alibaba's financial services spinoff, which counts China Life and China Post as investors, has reportedly set a target for a dual offering that would be the largest in history.

The agricultural marketplace operator has completed the series F round's $360m second tranche, which followed a $175m first close featuring FedEx in January this year.

Business optimisation platform developer Farmer’s Business Network was reportedly valued at $1.75bn in the round, which included long-term backer GV.

Pfizer, Sanofi, Vertex Pharmaceuticals, Merck & Co and Amgen are in line for exits after the immunotherapy developer filed to go public.

Unnamed endowments have joined a digital asset-focused fund closed by Electric Capital to bet big on distributed financing models.

Samsung, Mastercard and Sberbank have exited the mobile payment app developer in a purchase reportedly sized around the $100m mark.

Existing investor Hikma Ventures returned for a series B round that came amidst increased demand for Lemonaid's remote healthcare services.

Biocon's biosimilar subsidiary is valued at $3.5bn in the deal, which will involve Tata Capital acquiring a stake sized at under 1%.

Nestlé is the main backer of the consumer investment firm's latest fund, which has a $150m target for its final close.

Business-to-business petroleum marketplace Nengyuanhui has now raised more than $29m in total, with 51zhaoyou backing a round sized at about $14m.

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