Quro is the third company to get backing from Novartis' Get Armed To Explore Global Market II (GATE II) Project, which was launched last year with Korean peers.

3M New Ventures, the company's corporate venturing unit, and 3M Electro & Communications Business provided the money that will help Txtr provide access to documents and books wherever they are.

Philips and NeuroNexus Technologies became minority shareholders in Sapiens as a result of their contribution to the development of the Sapiens' system and underlying technologies that stimulate the brain to treat epilepsy and other problems from Parkinson's Disease.

News provider Boston Globe said Chevron Technology Ventures had linked with venture capital firm Flybridge Capital (which had previously spun out from publisher International Data Group), incubator Founder Collective and conglomerate Kraft Group in Novophage's round.

Bob Borchers from Opus Capital and Rob Trice from SK Telecom Ventures will join Sequent Software's board.

Tradeshift, a UK-based invoicing network for businesses, has raised $7m from venture capital firm Notion Capital, having previously had been seeded by online auction company eBay's PayPal payments platform.

Susan Schramm-Apple at Merck has become a director at AdFlow, according to its regulatory filing.

Intel Capital invested $24.5m in its latest four deals to take its total to $10bn invested over 20 years.