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Investments in driverless cars and virtual reality pointed the way to the future while machine learning folded into AI and the insurtech sector came of age.

Yello Mobile spinout Yello O2O has received $20.7m from Q Capital Partners that will go to fortifying its healthcare and accommodation offerings.

Eight open data-focused startups will each receive $37,000 from the initiative, the partners of which include OpenText and D2L.

IDG Capital Partners was among the investors in the first round disclosed by fitness membership startup Lefit, which was co-led by Toutoushidao Capital and Huasheng Capital.

The Times Group-backed education app developer has now raised about $175m, having secured $15m from International Finance Corporation.

Most interest internationally has been sparked by HNA's indirect corporate venturing strategy.

2016 saw some big changes at the top of some of the biggest CVC units; some corporates raised huge funds and others got into the game, though the IPO market slowed to a crawl.

Yatra, backed by Intel, IDG Ventures India, Reliance Capital and Network18, has listed in the US through a merger with SPV Terrapin 3 Acquisition Corporation.

KTB Ventures has added $7.4m to a round already featuring Digital Garage, extending it to more than $17m in the process.

Boutique hotel company Atour Hotel raised the cash in a round co-led by the corporate venturing unit and ex-Alibaba CEO Jonathan Lu.