Bayer, Syngenta, Elanco Animal Health and Alexandria Real Estate Equities were among the investors as fungicide developer Boragen launched with $10m of funds.

The circuit protection equipment maker has invested $15m in portfolio company Monolith Semiconductor, taking a majority stake in the process.

OneWeb is set to merge with its corporate venturing investor Intelsat in a $13bn deal, with SoftBank paying $1.7bn in return for a 39.9% in the combined entity.

Facebook has partnered IP Group, Oxford Sciences Innovation and Touchstone Innovations, among others, to help guide investments in the telecoms infrastructure sector.

Emerald Technology Ventures has secured an exit as O-Flexx is acquired by Mahle for an undisclosed sum.

C3Nano, the developer of conductive material Active-Grid, has closed a $12m series C round featuring industrial products company Nagase.