Burrill, a US-based merchant bank focused on life sciences, has opened a Moscow, Russia, office led by managing director Irena Melnikova, who previously was a director of strategy and external innovation at drugs group Sanofi and a principal with TVM Capital.

Biocartis said the $44.5m would be used to commercialize the recently launched DMAT platform, validate its Apollo platform and build proprietary oncology content on both platforms.

Venture capital firm Edmond de Rothschild Investment Partners led the B round as a new investor, alongside InnoBio and Omnes Capital, the former venture unit of local bank Credit Agricole.

Koding announced its first round of $2m in March 2011, led by RTP Ventures, the US affiliate of Russia-based IT investment conglomerate Ru-Net, and venture capital firm Greycroft Partners.

High-Tech Grunderfonds (HTGF), the German state and corporate-backed early-stage investment company, has backed four local companies.