Kinnevik bought a 15% stake in Rasmussen, Varner and Arctic-backed online grocer Kolonial in a primary and secondary transaction.

Tasly-backed immunotherapy developer I-Mab Biopharma is reportedly eyeing a Hong Kong flotation having recently raised $220m in funding.

Ziylo, a spinout from University of Bristol that is working on a diabetes treatment, has been acquired by Novo Nordisk for a total that could exceed $800m.

The mobile input technology developer plans to float in the US, two years after raising cash in an SIG-backed round.

The Tencent and Xiaomi-backed news aggregation platform was founded two years ago but was reportedly valued at $1.6bn in March.

SoftBank and eBay are among the exiting investors in the e-commerce marketplace, while Tencent and Microsoft will retain stakes.

VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.

Miele Venture Capital supplied an undisclosed amount of funding for KptnCook, developer of a blended recipe and grocery shopping app.

Financial services firm City National Bank has bought Stanford StartX-backed royalties payment platform Exactuals having led its series B round last year.