Healthcare cloud computing startup Cleardata Networks raises $14m series B, closed for a second time to include Merck Global Health Innovation Fund, aiming to maximise growth opportunities in the rapidly growing health information technology (HIT) cloud computing market.

Ryerson University alumnus firm Figure 1 raises CAN$2m ($1.89m) seed round for healthcare photo sharing app.

Celgene Corporation, Eli Lilly and GE are set to invest $40m in a $100m biotech investment fund being established by New York City.

Early-stage biotech investor 5AM ready to roll on new fund worth $250m.

A venture capital initiative to launch more life science firms in New York City attracts more backers.