Bindi Karia, who joined Silicon Valley Bank from Microsoft in 2013 to head its accelerator activities, has left to seek new entrepreneurial challenges.

Rocket Internet has backed a series B round for food delivery service Take Eat Easy, raised less than five months after a $6.4m series A.

Newcastle spinout Newcells receives six-figure investment from Northstar Ventures for drug discovery platform.

The cash will go towards developing quantum computing technology in partnership with Delft University of Technology and research agency TNO.

The pharmaceutical company, which invested $20m in cancer drug developer ADC Therapeutics in 2013, returned to back an $80m private placement.

Automotive parts supplier Valeo has backed the Cathay Capital-formed Sino French Innovation Fund, which aims to raise about $280m before close.

The funding will support the Danfoss spin-out in the run up to the commercial launch of its insulin delivery device in 2016.