Services

Tencent, BCC and Naspers-backed study materials provider Byju's reportedly hiked its valuation to $16.9bn in the round, which was led by Asmaan Ventures.

The workforce training platform developer secured the cash in a series B2 round featuring HV Capital, taking its overall funding to over $130m.

Channel Talk, Segari and Borneo are all among the companies that have raised corporate venture capital, while Tepco celebrated an exit with the acquisition of Me:New.

Fresh off an investment from FedEx, the logistics provider disclosed a $76.4m investment for its latest round.

Prosus Ventures has joined existing backer Veon Ventures in a series B round for business commerce platform ShopUp.

The data analytics software producer, which counts Alphabet, Salesforce and Amazon among as backers, raised a $1.6bn series H at $38bn valuation. It is a case in point for the upward pressure in valuations of companies from this space which we have been seeing.

Versanis Bio secured $70 to commercialise a treatment licensed from Novartis, while Salesforce, Intel, Orange, Nike and Alphabet all celebrated exits.

Customer engagement management technology provider Plaid has become the major shareholder of a portfolio company that runs a similar service.

Emerging as a niche at the intersection between healthcare and technology, femtech has rapidly grown and gained momentum, becoming a powerful force set to disrupt the healthcare industry.

Genomics care provider Genome Medical closed a $60m round backed by several corporates while brokerage software producer Alpaca secured $50m.

The restaurant management software provider had received funding from Alphabet’s GV unit prior to the announcement of its IPO plans last week.