HealthQuest Capital supplied $75m for the medical test provider, which counts The Chernin Group as an investor, at a flat $1.3bn valuation.

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

SoftBank paid $350m for a 30% stake in the satellite internet system developer, which has emerged from bankruptcy, while Hughes Network Systems supplied the other $50m.

Pfizer's Breakthrough Growth Initiative has backed the PureTech microbiome spinoff, which will use the cash to finance phase 2 tests of its lead IBD drug candidate.

Corning and SoftBank-backed dynamic glass producer View's previously announced reverse merger will be boosted by $200m from Singapore's sovereign wealth fund.

Group buying service Xingsheng Youxuan raised the money at a $5bn valuation and has reportedly secured upwards of $1.8bn in the past 18 months.

The Cisco-affiliated asset managment firm is now the largest external investor in fixed-wireless broadband service WeLink.

Alibaba-affiliated Bow Wave Capital Management has invested $175m in the financial services provider, a joint venture by Globe Telecom, Ant Group and Ayala.

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

Jubilant Foodworks is providing $12.9m for the barbeque restaurant operator at a valuation of about $115m.