The inflammatory disease therapy developer emerged from stealth to commercialise research from several Max Planck institutes and LDC.

Scott Brun, who headed AbbVie Ventures until last April, has taken on an R&D advisory role at pharmaceutical company Horizon Therapeutics.

Visa co-led a round that included GV, BNP Paribas, SBI Group and Siam Commercial Bank, bringing CurrencyCloud's total funding to $141m.

Monoqi, the furniture e-commerce platform formerly backed by Advance Publications, has been bought by Decovry for an undisclosed sum.

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

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

The postal service is exploring the possibility of either putting together a dedicated investment vehicle or investing in other venture funds.

Legal & General returned for a $87m round that will support Tokamak Energy's continual development of its compact fusion power system.

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

Services procurement portal business Scoutbee boosted its funding haul to $76m with a round backed by Siemens's Next47.