Slack, which is backed by Comcast Ventures, SoftBank and GV, and valued at $7.1bn, is set to forego an initial public offering and instead opt for a direct listing.

Meniga has bought Wrapp, the retail rewards platform that had raised at least $34m from investors including Qualcomm, H&M, Klarna and American Express, in an all-share deal.

Founded out of TUM, transmission gear manufacturer ZG-Zahnräder und Getriebe has been bought by Mahle to bolster its integrated drive system capacity.

Akamai has agreed a deal of undisclosed size to acquire the identity authentication software provider, which had raised almost $79m from investors including Salesforce.

MRL Ventures, GV, AbbVie Ventures, Lilly Asia Ventures and Amgen Ventures are all in line to exit the immuno-neurology drug developer.

Salesforce and Power Financial are set to exit Quovo, a fintech developer that had secured $20m in capital, in a purchase by Plaid for up to $200m.

Amazon has purchased CloudEndure, a data recovery technology producer that had raised more than $18m from investors including Infosys, Dell EMC and Mitsui, for $200m.

Cali Group owns a 17.6% in the online gaming platform and eSports tournament operator, whose other investors include Viacom, Axiomatic, DMG and Cinemark.

Intel Capital and Tengelmann Ventures are set to exit data processing technology developer Data Artisans, having backed its $6.3m series A round.

Minnesota-founded microbial analysis spinout CoreBiome has been bought by medical diagnostics firm OraSure Technology after raising $1.4m from investors including Minnesota’s Discovery Capital fund.