The $200m corporate venturing unit of Baxter International, Baxter Ventures, leads a $38m B round into Naurex, a US-based drug developer.

Novo Ventures leads a $32m Series A into US-based biotechnology company Allakos for the development of antibody therapeutics for inflammatory diseases, in a round joined by Roche Venture Fund.

CEC Capital has led a $24m Series B round into US-based Enevate, a rechargeable energy storage technology backed by Presidio Ventures, a corporate venturing unit of Sumitomo.

Oil and gas conglomerate Royal Dutch Shell participates in a $26m Series B round for US-based GlassPoint Solar, a provider of solar steam generators for oil recovery.

Summit Partners has invested $26m in Malaysia-based e-commerce website Lazada, created by Rocket Internet, and backed by investors including JP Morgan.

GE Healthcare steps up involvement with portfolio company InSightec, investing much of the ultrasound technology company's latest round, with senior GE executives joining the company as chief executive and chairman.

Novo Ventures leads a $20m B round into US-based osteoarthritis company Flexion Therapeutics.

Iris Capital invests $20m in US-based mobile security company Lookout.