Cross-border e-commerce platform Xiaohongshu has raised funding in an Alibaba-led round that included Tencent, valuing it at more than $3bn.

Bradford spinout Tangentix, which previously received funding from Parkwalk in 2014, operates a digital platform for computer game trials.

Cambridge Touch Technologies has added $5.5m in series A1 funding to its coffers thanks to investors including Cambridge Enterprise.

NUI Galway's Neurent Medical has been backed by government investors WDC and Enterprise Ireland as it continues development on its rhinitis treatment device.

American Family Ventures took part in the home equity investment platform's G20 Ventures-led series A round, which will fund product development.

Nottingham spinout Locate Therapeutics is developing a polymer-based material that ensures stem cells and other therapies can be injected with precision.

Cancer therapy developer Lava Therapeutics has raised $18.6m in a round featuring Merck Research Laboratories unit MRL Ventures.

Capital One Growth Ventures is among the investors to have provided $14.6m in seed and series A funding for the data management platform.

The Flex-backed baby monitor developer has now raised a total of almost $30m after securing funding in a JVP-led series B round.

Speaking at the GCV Symposium, Scott Caruso, director of strategic ventures at UpRamp, said that latency, infrastructure and content will be key VC drivers for the media sector.