Transport

Prosus Ventures committed capital to e-commerce finance provider Wayflyer at a $1.6bn valuation, increasing its overall funding to over $236m.

Citi Ventures and Visa helped e-commerce services startup Cart.com raise $240m while SoftBank Vision Fund 2 took part in nine-figure rounds for Dewpoint and Platform Science.

Funding from Aptiv and existing investor Audi pushed the automated driving software provider’s valuation above $1bn.

Cruise is set to receive the balance of the $2.25bn pledged by SoftBank Vision Fund in 2018 after commercially launching its autonomous taxi service in San Francisco.

Citi and Sony helped Superpedestrian raise $125m while Dott boosted its latest round to $155m with help from Prosus, as the e-scooter sector looks to expansion.

MIT spinout Superpedestrian has collected $125m in a series C round that attracted Sony Innovation Fund and Citi Impact Fund.

Sector report: finance

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CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.

Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.

Baidu and Geely committed $400m to Jidu, their joint venture from the hot electric vehicle space. The proceeds from this latest transaction will go to R&D and mass production of cars.