PPD has backed clinical trial preparation software developer Medable as an existing investor having also partnered the business to launch a telemedicine-based clinical trial product last year.

The food and nutrition business picked up backers including Fosun International and existing investor Qualcomm Ventures after earlier rounds in 2011 and 2014.

COO Jon Eide and partner Dusty Lieb have spoken to GCV about the balance between pursuing more attractive valuations while dealing with differing expectations from its healthtech portfolio.

The computer manufacturer's corporate venturing unit backed a $14.2m round for medical robot developer HGZ Medical that comes after the latter's series A round in March 2019.

Life sciences-focused venture firm Kurma Partners has secured Servier Laboratories for a third fund dedicated to early and incubation-stage therapeutics companies.

Workday Ventures returned for a $25m funding round for the online healthcare portal, whose shareholders also include GuideWell Mutual and Teladoc.

HealthpointCapital has acquired a majority stake IlluminOss, the orthopaedic implants supplier that raised $28m in a series C round backed by SR One eight years ago.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Liberty Global Ventures, Gradient Ventures, Motorola Solutions Venture Capital, Numbase and KDDI Open Innovation Fund all backed the smart contact lens developer's series B-1 round.

Robocath, which is developing robotic-assisted technology for cardiovascular diseases, has formed a strategic partnership with Microport in connection with a $43.4m round.