The analytics-as-a-service company backed by IP Group has raised $21.7m by placing 7.2 million shares.

Cambridge Innovation Capital has backed the series B round, alongside other investors that included Parkwalk Advisors.

LVMH has taken part in a round for ResearchGate, a professional network that is aimed at the scientific community and also counts backers such Bill Gates among its shareholders.

Facebook has partnered IP Group, Oxford Sciences Innovation and Touchstone Innovations, among others, to help guide investments in the telecoms infrastructure sector.

The commercialisation firm will manage a total of $135m in funding, allocated through the Northern Powerhouse Investment Fund.

PSA Group and Maif have supported an investment in TravelCar, which is set to expand into the US in April.

Baloise has committed $50m to an investment vehicle operated by Anthemis to identify opportunities in insurance technology startups based in Europe and the US.