Services

CapitalG helped the domestic services marketplace almost double its valuation to $3.2bn in a round that boosted its total funding to nearly $700m.

Monthly analysis: May 2021

Innovative region: South Africa

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Tencent and Sunshine Life-backed recruitment app developer floated at the top of its range and has seen its share price more than double since.

The Google-backed on-demand ride service spun off by Kakao has received fresh funding from returning investors Carlyle and TPG.

Ohio State University has again thrown its weight behind Rev1 Ventures, whose latest fund also attracted University of Dayton and multiple corporates.

PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.