Daimler-owned MyTaxi is joining forces with KDDI-backed Hailo to form what they hope will be Europe's market leader in app-based taxi ordering.

Channel 4's ad for equity unit, Commercial Growth Fund, was among the round's participants, joining existing backers DN Capital and Octopus Ventures.

Global Fashion Group's latest funding makes it one of several Rocket entities to have raised cash this year, but they will need to stem losses before the money tap turns off.

Staidson Biopharmaceuticals has supported a $34m series C round for InflaRx, which is working on treatments for acute and chronic inflammatory conditions.

The Tengelmann and Access Industries-backed Global Fashion Group has raised the money from Rocket Internet, its RICP fund and Kinnevik in a down round at a $1.1bn valuation.

Nokia Growth Partners joined existing backer Bauer Media to contribute to a series B round which will help the health tracking app developer expand in the US.

Oxford spinout Immago Biosystems, which is working on increasing the efficiency of antibody-based cancer therapies, has been acquired by Hansa Medical.

Hovione Scientia and Consort Medical both contributed capital as Precision Cocular extended a series A round that will fund its pipeline of retinal disease treatments.