Transport

Quarterly data: Q3 2021

Innovative region: Brazil

Sector report: Oil and gas

For many of the attendees at the Global Corporate Venturing and Innovation Summit 2021 held late last month in Monterey, California, the conference was their first in-real life (IRL) event since the pandemic effectively stopped them in the first quarter last year after the previous summit.

Bond trading platform developer Trumid raised its latest round, featuring Singapore Exchange, at a $2.4bn valuation. This is one of the latest examples of such multi-million dollar deals from the roaring fintech space.

Neusoft’s automotive software unit, which is co-owned by Alpine Electronics, will use the money to enhance its products, develop new offerings and increase its market share.

The corporate-backed automotive e-commerce portal raised series E funding which will be used to accelerate its growth, increase brand awareness and expand into new markets.

Ouster has bought the Congruent Ventures-backed lidar technology developer and will restructure the business as a wholly-owned subsidiary called Ouster Automotive.

Lithium mining process developer Lilac completed its series B round, which received backing from a several corporates. A sizeable round like this has been somewhat rare to see from the mining space, which has been so far somewhat neglected by corporates.

The student transport service secured backing from SoftBank Vision Fund 2 and BMW i Ventures as it looks to fuel its expansion.

Hyundai Motor Company backed car dealership software provider Tekion in a $250m series D round which gave it a valuation of $3.5bn.