Recently formed Mereo BioPharma raised the cash from Invesco and Woodford Investment, and issued an equity stake to Novartis.

Imperial Incubator, the incubator for Imperial College London, surpasses $1bn in external funding for its 60 startups within a decade.

The members-only travel agency has added Google to its backers as part of a series C round that will fund international expansion.

FishBrain, the developer of a social media platform for anglers, has secured series A funding from investors including Recruit and will use the cash to expand to Japan.

The semiconductor companies have exited digital power technology producer Powervation, which had raised $40m, in a $70m acquisition by Rohm.