The venture firm has reached the final close for its latest life sciences fund, which features insurer Talanx among its LPs.

Utimco contributed to the fifth fund of Wellington Partners, which aims to back 15 to 20 life science businesses based in German-speaking countries.

Venture capital firm Outward’s fintech-focused fund has raised about half of its $91m target, having secured NIBC Bank as a limited partner.

Kinectrics has bought University of Surrey's Gnosys Global in a bid to extend its global presence and unlock the potential of a combined product portfolio.

Woodford Investment Management has reduced its holding in Mercia Asset Management amid reports its Patient Capital Trust could move to replace Neil Woodford as manager.

PredictImmune, a Cambridge spinout, added series B capital from investors including Cambridge Enterprise and CIC to $6.1m in series A funding raised last April.

Air Liquide and IMI-backed Quanta has raised an initial $48m for a series C round that will support the launch of its personal haemodialysis system.

Existing investor Naspers led the round, which will support the expansion of Brainly's online homework portal to teachers, partners and children in the US.

Kibo Ventures will aim to lure follow-on contributions from corporate investors from its first two digital-focused VC funds, which include Telefónica Open Future and La Caixa's CriteriaCaixa.

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