NGP Capital-backed food delivery service Deliveroo was valued at $2bn as of November but a successful bid would need to be a sizeable upgrade.

The home design products marketplace has secured $15.4m in a round led by Advance Venture Partners, which will also get a board seat.

Organic snack producer SMPL has been backed by Zell Founders Fund, a VC vehicle run by University of Michigan students.

The consumer goods trading platform has closed a round co-led by GV that will fund the expansion of its trading options and authentication centres.

Rocket Internet-backed online furniture retailer Westwing aims to raise $139m in an initial public offering in Frankfurt.

Electronic art frame producer Meural has been acquired by NetGear less than a year after the corporate took part in its series A round.

The Tencent-backed local services portal has priced the offering near the top of its range at a valuation of about $52bn.

Fave, the loyalty and rewards platform formerly known as Groupon Singapore, has secured series B funding from investors include SIG Asia.

4490 Ventures, the VC firm co-founded by Warf in 2013, has joined Beringea for customer experience software provider Avid Ratings' series A round.

JF Shea's corporate venturing unit has invested in online wine retailer Drinks as part of a series B round led by Beverly Pacific.