Medtronic is paying $46.6m at HK3.80 per share for a 19% equity interest in the Chinese company, followed by a $19.6m convertible note for an additional 7.4% stake.

Alongside Fidelity Growth Partners Asia (FGPA) investing in Lumi were venture capital firms ClearVue Partners, which led the round, Jafco, Capvent and DCM.

Gumi Ventures is mainly looking to back 10 to 15 early-stage social game makers from China or Singapore in the next two years, according to news provider Nikkei.

Cubie has also joined the 500 Startup accelerator and said Thailand was its largest market with more than 1 million registered users

Vizury Interactive has raised $9m in its Series B funding led by corporate venturing unit Nokia Growth Partners.

Philip Morris Investments, the corporate venturing unit of the cigarette maker, owns 40% of Medicago and last month said the vaccine maker would pay $700,000 for the licenses.