Transport

Palantir and Leonardo have helped solar-powered aircraft technology developer Skydweller fill out its oversubscribed series A funding round.

PayPal is to purchase its portfolio company Paidy, a consumer finance service provider. Paidy is part of the wider payment tech space, which has seen an increasing number of exits since last year.

The carmaker intends to allocate $356m to the vehicle, which will invest in early-stage companies in addition to decarbonisation schemes.

Cigna has returned to invest $29.5m in electric vehicle charging technology developer Tritium ahead of its $1.2bn reverse merger later this year.

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.

Automotive e-commerce platform Carsome has reached a $1.3bn valuation through the close of a series D2 round backed by Catcha Group, MediaTek, MUFG Innovation Partners and Daiwa PI Partners.

Sinbon Electronics-backed VanMoof has accumulated $182m of total funding following a series C round.

Koch Industries is among the investors backing the autonomous short-haul provider as hits more than $114m in total funding.

Yandex has agreed to a $1bn deal to wholly acquire the self-driving technology spinoff, jointly formed with Uber, and three other businesses.

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.