Sectors

Financial services provider Reyl and Cie has spun out Alpian in a bid to claim what it views as the market opportunity for a digital Swiss banking firm.

Tencent was among the investors in a $10m series A round for the digital health platform that was co-led by Global Ventures and Africa Healthcare Masterfund.

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

SoftBank Vision Fund and Sequoia Capital China have injected an additional $200m in funding to bring the series D round, already backed by the former, to $1.7bn.

Flint Hills Resources has contributed to a $133m series B round for RWDC Industries, which is working on a biodegradable alternative to plastic.

Novo Holdings has joined the early-stage consortium of Praxis Precision, a gene therapy business targeting neurological mechanisms across CNS-driven and psychiatric diseases.

GV has returned for an $87m series D round for Cockroach Labs, having already participated in all of the database technology developer’s previous rounds.

Visa has participated in a series D for Nium, the international remittance service formerly known as Instarem, with earlier reports suggesting a $75m to $100m round size.

At-home clinical testing services provider LetsGetChecked has raised $71m from investors including Illumina and Optum as it faces increased demand.

Posco-backed medical device developer Pulmonx has added $66m to its coffers thanks to a consortium led by Ally Bridge and secured an additional $17m to refinance a debt facility.

Two years after Telstra Ventures led a $43m series D round for Cumulus Networks, Nvidia has agreed to purchase the data centre networking technology provider.