Services

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

Existing investor SoftBank was among the investors in a round which more than doubled the corporate fitness and wellness services provider's valuation.

The Cisco and Deutsche Telekom-backed interactive video advertising software provider will acquire an NYSE spot after the deal, valuing it at a $1.3bn pro-forma equity valuation.

CapitalG is in line to score an exit from the language learning app developer, which was valued at $2.4bn in its last funding round.

Juniper Networks, Wargaming and CME Group have exited secure communications app developer Wickr in an acquisition by AWS while Country Garden reinvested in tea producer Chali.

SoftBank's Latin America Fund has led the latest round for the real estate data provider, bringing its overall funding to over $115m.

The Gree and Bennett Coleman & Co-backed education software provider boosted its series C round to $65m, with Tiger Global Management leading the deal.

A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.

Waste management software provider Recycle Track Systems bagged $35m in a Citi-led series C round while muscular dystrophy drug developer Vita Therapeutics completed a $32m series A.

BeiGene helped mRNA therapeutics developer Strand Therapeutics raise $52m while the Afterpay-backed AP Ventures led logistics provider Sendle's $35m series C round.

Intel Capital-backed customer experience software provider Sprinklr floated below its range in its initial public offering.