Novo Seeds led a $17.1m round for the medical device developer, which had been backed by Medtronic at series A stage.

Asarina Pharma has raised $7.7m from investors including Ergomed, which will help it with phase 2b trials of its premenstrual dysphoric disorder treatment.

Fidelity subsidiary Eight Roads has appointed Laura Atterwill as talent partner, tasking her with developing a pipeline of investment talent.

Existing investor Boehringer Ingelheim Venture Fund took part in a round that will help advance NBE's lead antibody-drug conjugate cancer treatment in clinical trials.

The hotelier acquired a 30% stake in boutique hotel operator 25hours through the deal and will now look to help it expand internationally.

The other members of the ABB Technology Ventures team remain, with Grant Allen covering the US and Americas, Kurt Kaltenegger Europe and Africa, and Arvind Vasu Asia.

Wolverhampton University has joined forces with Caparo to create a fund aimed at facilitating research commercialisation.

Regional report: Russia

Prior to heading Next47, he developed and built up the Hewlett Packard Pathfinder organisation, bringing together innovation strategy, venture investments, acquisitions and partnerships.