the venture capital arm of telecom giant Deutesche Telekom invests in a $13.6m round of funding for Numecent.

Deals involving the Cambridge tech cluster for May reached a total of $243m, with more undisclosed, bringing the cumulative amount for both April and May to around $750m.

Founded in 2008 as a spin-out from the Technical University of Munich and led by Andreas Sichert, chief executive of Orcan Energy, the company provides ePack, a plug-and-play that allows waste heat to be exploited in the process of power generation.

Edinburgh Research and Innovation is seeking partners to commercialise the next generation of malaria drugs and vaccine.

AstraZeneca reveals plans to use $500m to establish a global R&D centre and its corporate headquarters in Cambridge.

University College Dublin wraps up its inaugural commercialisation bootcamp for academics.

Latin America private equity player GP Investments has joined forces with US secondaries specialist Newbury Partners and US multi-asset manager Fortress Investment Group to acquire and fund a new investment strategy through Switzerland-based private equity firm Apen. A total of $280m was provided in a mix of equity and debt finance, which will ultimately enable GP Investments to widen its remit into the secondaries segment.