Reliance Egypt participated in Trukker’s $100m series C round while Merck, Eli Lilly and Heritage Medical all backed Photys’ $75m series A.

M&A Investment firm Francisco Partners has paid $750m to acquire a 90% stake in Kobalt, a US-based music services provider backed by media firm Hearst and internet group Alphabet, according to Music Business Worldwide. Fund Germany-based baking ingredient provider Martin Braun-Gruppe has formed a corporate venturing arm in a bid to back bakery technology developers,…

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