The drone-management technology provider increased its latest round, which includes Deutsche Flugsicherung and Terra Drone, to $19.2m.

The $33.6m vehicle will invest through security services and technology provider Prosegur's Prosegur Tech Ventures subsidiary, in startups developing security and fintech products.

Bitburger, Kärcher and Deichmann joined existing backers Otto Group, Lidl, Dr Oetker and Porsche as the venture firm closed a $225m US vehicle and a $175m European fund.

Susan Searle, chairwoman of Mercia Technologies and a GUV Lifetime Achievement Award recipient, has stepped down to be replaced by Ian Metcalfe.

Fredrik Järrsten has been named deputy chief executive in addition to his duties as chief financial officer, a position he has held since late 2017.

Korean game studio Nexon has increased its stake in the cooperative action game developer to more than 66%, having invested $41m in the startup late last year.

Based on research at Ludwig Maximilian University of Munich and Max-Planck-Institute for Biophysical Chemistry, Modag has launched out of stealth with $14m in series A funding.

Cancer Research UK has partnered SV Health Investors to launch a $250m commercialisation fund, building on their successful collaborations before in establishing Artios and Kudos.

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

The nano medicine technology developer received $11.2m in a Mandatum Life and Ilmarinen-backed round.