D-Wave Systems, a Canada-based quantum computing technology developer backed by IT equipment producer NEC, agreed to a $1.6bn reverse merger with special purpose acquisition company DPCM Capital.
Logistics services platform developer Flexport raised $935m in a series E round featuring internet and telecommunications group SoftBank’s Vision Fund and e-commerce software provider Shopify at a post-money valuation of $8bn.
US-based professional women’s basketball league WNBA raised $75m from investors including sports apparel brand Nike, helping expand funding for a sport where coverage and sponsorship are lacking.
Data capture technology developer Scandit closed a $150m series D round featuring Alphabet, Sony, Swisscom and Schneider Electric.
Polygon, an India-based blockchain scaling technology developer, secured $450m through a private token sale featuring SoftBank, blockchain entertainment product developer Animoca Brands and quantitative trading firm Alameda Research.
Qredo, a UK-based provider of decentralised digital asset management technology, completed an $80m series A round featuring cryptocurrency exchange Coinbase and blockchain technology developers Terraform Labs and Ava Labs.
Animoca Brands and payments services provider Circle have backed Taiwan-based venture capital firm Infinity Ventures Crypto (IVC)’s maiden fund, which closed with $70m in commitments.
Intel Capital, the corporate venturing arm of chipmaker Intel, launched a $1bn investment vehicle with its semiconductor fabrication business, Intel Foundry Services (IFS).
Greater Bay Area Fund (GBA Fund), an investment vehicle formed by e-commerce firm Alibaba’s Entrepreneurs Fund (AEF), is set to close at about $257m by mid-2022.
Smartphone manufacturer Nokia has provided $400m in capital for the latest fund closed by NGP Capital, the US-based venture capital firm that it had spun off.
University of Tokyo Innovation Platform (UTokyo IPC), the venture capital arm of University of Tokyo, announced the final close of its second fund at $221m with backing from several corporate LPs.