E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the Rocket and Ooreedo-formed Asia Pacific Internet Group.

Based on research at Johns Hopkins University, Escient Pharmaceuticals is developing treatments for serious but unserved medical needs.

Intel Capital has revealed investments in 12 US or China-based portfolio companies and a partnership with the NBA.

The University of Michigan-linked vaccination technology developer has pivoted from its previous focus on antimicrobial ointments for skin infections.

Mike Humphrey, chairman of IP Group, will step down from his position once a replacement has been found, while Lynn Gladden will leave the firm to join a research council later this year.

The Edinburgh spinout has been backed by Mercia Fund Managers to support development of its kidney dialysis camouflage coating.

Energy utility EnBW joined SDPG and Westly Group to invest in Cleverciti, the developer of a smart sensor-based car parking system.

Koubei and Ant Financial joined asset manager CDH Investments for catering service provider Xiyun International's series A round.

NeuroVision has collected $11.2m from backers including VSP Global and Johnson & Johnson for a round expected to close at $15m.

The automotive finance provider has raised money from investors including CreditEase and Tongbanjie as it moves into four-wheeler loans.