Stake Purchase

Illumina and Celgene could exit genome researcher Human Longevity in a reverse merger while Openly raised $75m from investors including Advance Venture Partners and Gradient Ventures.

Cancer biopsy developer Elypta raised $21m in a round led by Bonnier Ventures while Evli Bank led cryptocurrency arbitrage platform Mosdex's $20m series A.

SR One co-led antibody therapy developer Ancora Biotech's $60m series A round while Al-Dhow Engineering helped coffee chain Flash Coffee secure $32.8m.

SAIC Motor and GAC Group took part in industrial software developer UniVista Industrial's $164m pre-series A round while multiple corporates helped biotech incubator Doma Biopharmaceutical raise $142m.

Every day, Global Corporate Venturing rounds up the news from across the corporate innovation ecosystem.

Every day, Global Corporate Venturing rounds up the news from across the corporate innovation ecosystem.

Cruise is set to receive the balance of the $2.25bn pledged by SoftBank Vision Fund in 2018 after commercially launching its autonomous taxi service in San Francisco.

Uber's autonomous driving spinoff, which had raised $1bn from SoftBank Vision Fund, Toyota and Denso, is merging with self-driving technology producer Aurora.

The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.

The banking group is providing the funding as part of a collaboration deal that will involve it building a financial services app with Grab.