Services

Human resources software provider Legion and edge cloud services provider Zenlayer each received $50m while Intel is exiting Sedona Systems in a $100m acquisition.

SoftBank has invested in Beisen through what the latter claims is the largest investment deal to date for a China-based human resources software provider.

The Takkt-backed operations management platform developer is eyeing international expansion following a series C round led by Insight Partners.

Bertelsmann helped crypto financial service provider Babel Finance close a $40m series A round while Blind raised $37m from investors including Cisco.

Legend Holdings' Legend Star unit led a round for optical chip producer Turing Quantum sized above $15m while several Japanese companies also raised money.

Solid-state battery developer Solid Power secured a $130 series B round co-led by its potential customers from the automotive sector BMW and Ford Motor Company.

Opioid addiction care provider Groups Recover Together and healthcare management platform developer Vim each raised $60m, with Optum Ventures backing both rounds.

A decade or more after setting up the golden age of corporate venturing units were set up with a focus on life sciences and healthcare, such as US-listed conglomerate Alphabet’s GV (formerly known as Google Ventures) and US-listed drugs company Merck’s Global Health Innovation Fund (GHIF), and the returns have surpassed many expectations.

GV is set to exit educational software portal developer Clever in a purchase by Kahoot set to be sized between $435m and $500m.

Citi Ventures has returned to help the administrative support marketplace hike its valuation to over $1bn in a series D round led by Durable Capital Partners.