Institut Pasteur spinout Invectys will use the funding to advance a drug candidate for a type of leukaemia into a phase 2 trial.

The digital bank, whose shareholders include Orange and Stripe, has added $108m to its coffers in a round led by General Catalyst that valued it at almost $1.3bn.

Van Herk Ventures is one of three limited partners that helped the agrifood-focused venture fund reach a $22.7m second close a year after it was formed.

Nova University Lisbon has established chemicals producer Des Solutio with the support of Frontier IP, making it the second spinout launched in Portugal by the commercialisation firm.

The University of Applied Sciences Technikum Wien spinout has secured a six-figure sum from state-owned fund aws Gründerfonds and Segnalita Ventures.

Amazon, Eon and Čez Group have backed a $50m funding round for smart thermostat manufacturer Tado that nearly doubled its equity to $102m.

Bristol Myers-Squibb, Merck Group and Novo all took part in a $90m series C round for Galecto Biotech, which is commercialising research from Lund and Edinburgh universities.

Bristol Myers-Squibb, Merck Group and Novo all took part in a $90m series C round for Galecto Biotech that was co-led by Ysios Capital and OrbiMed.

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

The fund will invest in agritech companies connected to Brightlands, an ecosystem backed by Maastricht University, Zuyd University of Applied Sciences and Fontys University of Applied Sciences.