Network equipment supplier Benu Networks, backed by Comcast, Liberty Global, Arris and Motorola Mobility, has raised $27.7m in series C funding and appointed a new CEO.

Emerson Climate Technologies is building an innovation centre on campus.

Media company Axel Springer has purchased a 16% stake in digital news site Ozy for $20m, bringing the total raised by the company to $25.4m.

Welltok raised the cash in a series D round funded by Bessemer Venture Partners, bringing the total raised by the company to $70.8m.

Cancer treatment developer Raze Therapeutics has secured $24m from a series A round that included Novartis and Astellas' corporate venturing arm, Astellas Venture Management.

Biotherapeutics company Bicycle Therapeutics has raised $32m in a series B round featuring pharmaceutical companies GlaxoSmithKline, Novartis and Astellas.

Salesforce-backed marketing software developer Gainsight has raised $25m in a series C round that brought its total equity funding to $54m.

Hair and beauty marketplace Wahanda has raised $26m in funding and acquired its Germany-based counterpart Salonmeister for an undisclosed amounts

Marketplace shopping app Mercari took its total funding to about $39m after raising cash in a GMO-backed series C round.

UCL life sciences spin-out Magnus raises seed funding.