Orange, Saham and FinanceCom are among the contributors to the cross-border venture fund, which was formed by Bpifrance and AfricInvest.

The reproductive health therapy developer, which has raised more than $93m from backers including Novo and Merck Group, has set the terms for its initial public offering.

Kuang-Chi's GCI Fund has made its sixth investment and its first in the UK, supplying $30m in funding for aviation technology developer Gilo Industries.

Michelin's travel services subsidiary has led the RV rental platform's series B round, which also featured existing backer Ringier Digital Ventures.

SBI Holdings was among the participants in a round for CompareEuropeGroup, which provides automated advice on financial and home services plans.

Naval defence equipment provider DCNS has formed a marine renewables subsidiary that is also backed by Technip Group, BNP Paribas and Bpifrance.