Kelun Pharmaceutical spinoff Kelun Biotech raised $581m in a round also featuring Merck & Co, while KreditBee hiked its MUFG-backed series D to $180m.
M&A
Insurance software producer Duck Creek Technologies agreed to purchase Imburse Payments, the US-based creator of a payment software tool for insurers, for an undisclosed amount. Accenture Ventures, a subsidiary of consulting firm Accenture, invested an undisclosed sum in Imburse in mid-2021 following at least $1.7m in earlier funding from investors including financial services firm PostFinance and insurance software provider Guidewire.
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