Channel 4 Ventures and existing investor BP Ventures contributed to a $25.9m round for the vehicle rental service that will support technology and marketing.

The conglomerate has taken a majority stake in the Bharti Airtel and HT Media-backed news app developer through a primary and secondary deal.

Existing investor Bioventus has returned to reinvest in the bone implant provider, whose existing backers include Johnson & Johnson Innovation – JJDC.

VC firm Artis Ventures led a round for robotic surgery software developer Activ 10 months after its Sony-backed series A funding.

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

The Fosun and Hidea-backed stroke therapy technology developer has raised an eight-digit sum that will help advance its product pipeline.

Merck & Co backed a $14m series B for SAB Biotherapeutics, which is developing drugs for two forms of coronavirus including Covid-19.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

TAL Education-backed online tutoring service Vedantu's Coatue-led series D round increased its valuation from $280m to $600m.

The round valued the Western Digital-backed file management technology provider in excess of $1.2bn and pushed its total funding past $350m.