Virgin Orbit and Sumitomo Corporation are participating in a $70m PIPE financing to support a reverse takeover for the quantum encryption technology developer.

York spinout Cizzle Biotechnology has undertaken a reverse merger with Bould Opportunities to list on the London Stock Exchange.

Short-term accommodation provider Cohabs secured more than $70m in a round led by AG Real Estate, while Stampli, Impress and Tarana Wireless each raised $50m.

LVMH has reinvested in the fashion e-commerce platform developer at a $700m valuation, pushing its overall funding past the $200m mark.

Human resources software provider Legion and edge cloud services provider Zenlayer each received $50m while Intel is exiting Sedona Systems in a $100m acquisition.

The second-hand fashion marketplace has now raised over $560m in total, with Burda Principal Investments returning for its series F round.

Bayer, Hitachi, Samsung, Sony and Unilever participated in a series C round for the healthcare monitoring technology provider valuing it near to $1bn.

Atlantic Bridge has launched the University Bridge Fund II, with University College Cork joining existing partners Trinity College Dublin and University College Dublin.

Bertelsmann helped crypto financial service provider Babel Finance close a $40m series A round while Blind raised $37m from investors including Cisco.

Q&A with Erning Cao, investment director, Evonik Venture Capital