Services

Q1 analysis: Venturing deals still concentrated in non-core areas, more exits reported in the first quarter, average deal size dropped slightly

CO2 is the focus but limiting emissions is hard; capturing, using and storing offers opportunities; but critical under investment in innovation

EV Growth-backed online education platform developer Ruangguru pulled in $55m while ProSieben and Rocket Internet helped open banking platform developer Tink take its total funding to $344m.

The Naspers, Tencent and BCC-backed online education provider's series F round now stands at just over $1.5bn, valuing it at roughly $15bn.

Info Edge's Makesense Technologies subsidiary is joining forces with one of its portfolio companies, PolicyBazaar owner PB Fintech, which is also backed by Intel, SoftBank and Tencent.

Prosus Ventures is in line to exit the digital customer engagement data analysis group - reportedly valued at up to $2bn - which has filed to go public in New York.

Venture Catalysts’ accelerator has now raised $70m so far and is set to reach a final close by the end of this year.

GMO, Gree and Vector are among the limited partners in the venture firm’s sophomore fund, which has a $91.8m target for its close.

TDK Ventures and XTX Ventures participated in a sizeable round raised by the advanced computing technology provider Groq at a unicorn valuation. The company is part of the larger artificial intelligence (AI) space, which has seen much and sustained interest by corporates in recent years.

MaC Venture Capital has raised its inaugural seed fund thanks to limited partners including University of Michigan and Howard University.

E-commerce platform developer Olist added $23m to a SoftBank-backed round now topping $80m, while Waters Corporation-backed TetraScience closed its series B at $80m.