Existing backer Virgin Group returned to reinvest in intimate gig promoter Sofar Sounds, which just celebrated its 10th birthday.

Eli Lilly, WuXi Biologics and Alexandria-backed cancer and orphan disease therapy developer Inhibrx has received $40m in funding from Viking Global Investors.

The 3D-imaging interior design service took its overall funding to more than $70m in a round that featured Comcast Ventures and Advance Venture Partners.

MassMutual Ventures co-led the healthcare data platform developer's series B round, which also featured Aviva Ventures and Jianke.

With hundreds of university venture funds, internal commercialisation vehicles and third-party firms the reality in today’s innovation ecosystem, selecting the nominees and the winner for Investment Unit of the Year is increasingly challenging.

GLP and China International Marine Containers-backed Yidaichu has allocated the $17.4m it raised to hiring staff, further developing its technology and improving its core offering.

Ingka Group, a franchisee of furniture retailer Ikea, invested a reported $10m to $15m in interior design services platform Livspace, which will use the cash to expand its offering.

Visa, CommerzVentures and CreditEase were among the existing investors that backed card issuer Marqeta in a round that valued it at nearly $2bn.

Deutsche Telekom and Access Industries contributed to a round that took the cloud and data centre security provider's overall funding to $108m.

The Mitsui and Virgin-backed money transfer service more than doubled its valuation to $3.5bn in a round that involved existing backers selling shares.