Solvay Ventures is set to exit prototyping software developer MultiMechanics after Siemens agreed to buy the company in a deal of undisclosed size.

Smoking cessation service Carrot has hired Busy Burr as president and CEO, months after she left Humana after setting up its corporate venturing arm.

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.

The Fleetcor, Mastercard and American Express-backed business finance software provider has raised more than $275m in venture funding.

Comerica Bank contributed to a round that boosted IT services automation platform developer Moveworks' overall funding to $105m.

Benchmark and Insight Partners invested $35m in the Salesforce-backed app management software provider, which just divested its enterprise business to Mirantis.

Dell Technologies Capital co-led the first round to be disclosed by silicon chip designer Nuvia, which was founded in early 2019.

The drug discovery startup, co-founded by research technology producer Atomwise, has pulled in $14.5m through a round led by DCVC Bio.

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

Slack Fund has contributed to a $200m series A round for 1Password, the password manager’s first funding round since it was founded in 2005.