The fibrotic disease drug developer, which had raised $50m from investors including Shire, will be bought for $390m upfront and up to $1bn in milestone payments.

KDDI, Mitsubishi UFJ, Itochu and Sumitomo Mitsui Banking Corporation all scored exits after enterprise software developer Smartcamp was bought by Money Forward.

Alibaba has increased its shareholding to 63%, having already acquired a majority stake in the logistics platform, also backed by Fosun and Intime Retail Group, two years ago.

WPP-backed enterprise content marketing platform developer Percolate has been picked up by Seismic, having previously raised about $107m in funding.

Stine Seed-backed farm equipment automation technology company Smart Ag has been bought by Raven Industries, which plans to integrate the offering with its new automated precision agriculture division.

Screen time limits app developer Zenlabs has been bought by Life360, paving the way for internet browser publisher Otello to exit.

The Inserm spinout secured a $7.8m series B extension and boosted its portfolio with the acquisition of AVCare, a Satt Ouest Valorisation-allied business.

Scout RFP has agreed to a $540m acquisition by its existing shareholder Workday, which will provide exits to Salesforce Ventures and GV.

Sumo Logic has purchased Dell-backed cybersecurity platform provider Jask Labs for an unspecified sum.

TKH Group has picked up Veritas Pension Insurance-backed FocalSpec to enhance its portfolio of precision quality control sensors.