Novo Seeds and Lundbeckfonden Emerge took part in a $17.7m Sofinnova Ventures-led round that will advance Dermtreat's mucosal disease treatment patch to phase 2 tests.

Improbable, a developer of virtual reality creation software, has closed a series B round led by SoftBank that will be used to enhance its SpatialOS platform.

Mail.ru has acquired the remaining 90% stake in food delivery platform and portfolio company Zakazaka in a deal that valued the startup at $20m.

Ruth Foxe Blader has departed from Allianz Ventures to take up a director of investments role at VC investment and advisory firm Anthemis.

Online lending platform Kreditech has followed a $10.5m investment by Rakuten in December with $120m of funding from payment services provider PayU.

The marketing technology supplier has added $6m to the $11.5m it raised in a 2015 round co-led by GV and SoftBank Capital.

European Investment Bank has invested $27.2m in the database technology provider, which counts Intel Capital among its earlier backers.

The Rakuten-backed ride hailing service, valued at $320m as of April 2016, is reportedly raising up to $500m in a series D round that will fund Brazilian expansion.