The pharmaceutical company's acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.

Employee benefits platform Limelight Health secured $7m in a MassMutual Ventures-led round that included Axa Strategic Ventures and Wanxiang Healthcare Investments.

The mobility app developer increased its latest round, which includes Transdev, Veho, Toyota, Denso, Aioi Nissay Dowa, Swiftcom and Karsan, from $11m to $16.8m.

The distributed energy management platform has closed an ABB, General Electric and National Grid-backed round at $17.5m after adding $5.5m from Zoma Capital.

M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Yahoo Japan.

Corporate-focused food ordering platform Meican, which counts Nokia and Meituan-Dianping as investors, has raised cash in a Goldman Sachs-led round.

Scottish Investment Bank has supported a funding round for Causeway Therapeutics, a spinout from University of Glasgow that is working on treatments for tendon injuries and disorders.