Eli Lilly will exit the genetic sequencing system provider in a cash-and-share acquisition by 10x Genomics that followed $50m in funding.

Birkhofer had been a board observer for three portfolio companies during his stint at corporate venture capital vehicle Prologis Ventures.

The series D round included Digital Garage and reportedly valued the food distribution platform between $400m and $500m.

Q&A with Arvind Purushotham, global head of venture investing, Citi Ventures

University of Utah has set up a new office in a bid to strategise its commercialisation links to industry and government stakeholders.

The cybersecurity platform developer has followed an investment by Salesforce in June with $150m in new funding at a valuation topping $9bn.

Lego Ventures and Sesame Workshop helped the children’s reading app developer close a series C round that will fund curricula development and international expansion.

The electronic retail display provider has emerged from stealth with series C funding from investors including M12 and Verizon Ventures.

Fresenius Medical Care and company founder Avera Health both took part in a round that will fund clinical trials of Alucent's vascular disease treatment.

The health management app developer has completed a series A round led by Reckitt Benckiser, which had previously invested last year.