A total of 23 biopharmaceutical producers have committed capital to the vehicle, which will provide funding for the creation of new antibiotics.

Eir’s first fund will partner Nordics-based universities to invest in their spinouts, while also making selected deals in the rest of Europe and the US.

Novo is among the limited partners for Eir Ventures, which has launched with $86m to invest in life sciences technology startups.

Eli Lilly and Horizon Therapeutics contributed to the life sciences venture firm's Forbion Growth Opportunities Fund, which will make late-stage investments.

Corporate venturing units Müller Ventures and Ringier Digital Ventures invested in an $11.5m round that will help the healthy children's food producer move into France.

Bonnier and Paltel Group are exiting Arabic audiobook platform Kitab Sawti in a cash-and-shares acquisition by StoryTel.

The database software provider has taken the size of its Alibaba and Intel Capital-backed series C round to $79m and its total funding past $125m.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Liberty Global Ventures and Telefónica have exited the video streaming technology developer in an acquisition of undisclosed size by Haivision.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.