Jasan Fitzpatrick, previously general counsel at L&G’s investment unit, has been appointed managing director of principal investment to focus on build-to-rent and affordable housing segments.

ING Ventures and Uniqa Ventures co-led a second tranche of the business finance provider's series A round, which has closed at $24.9m.

Cinclus Pharma has lured back corporate venturing unit Recipharm Venture Fund for a $26.4m round that will fund a phase 2 study for its GERD therapy candidate.

Oil provider Helen has hired Fortum alunmus Mikko Huumo to set up a $55m coprorate venturing fund that will focus on transition in the energy industry.

Biotalys, a bio-fungicide and pesticide developer based on VIB technology previously known as AgroSavfe, has added $11m to its series C round.

Sistema and Direct Line participated in a $41m series B round for Five, which is currently trialling its autonomous driving technology in London.

QUB-founded cybersecurity business Titan IC is set to become part of Mellanox Technologies, having previously raised funds in 2015.

ABB has agreed to purchase building control point supplier Cylon Controls, providing exits to UCD and energy utility ESB.

The HVAC control system provider has agreed to a purchase by ABB that will allow ESB Novusmodus Fund to exit six years after its investment.

Venture firm Innovestor has raised $32.6m from LPs including existing backer Mandatum Life for the first close of an industrial tech fund.