Health

Alibaba and Ping An-backed genetic testing services provider Prenetics will hold a reverse merger at a $1.25bn valuation, securing $120m in Pipe financing.

Sanofi Ventures, Mass General Brigham Ventures, GV and Alexandria Venture Investments have contributed to a $77m round for Rome Therapeutics.

Online furniture retailer Gaia, warehouse robot provider Locus Robotics, recruitment platform developer Canvas and ESG software producer Measurabl all raised $50m.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Based on research at Drexel University, Context Therapeutics is seeking to raise up to $21m in an initial public offering on Nasdaq.

Osage University Partners is among the investors in Northwestern spinout Vanqua Bio’s $85m series B round.

Eli Lilly was among the investors in neurodegenerative disease drug developer Vanqua Bio’s $85m series B round.

Lilly Asia Ventures has returned to reinvest in the renal disease therapy developer through a series B-plus round totalling $54.5m.

Samsung-backed automation software developer Rezilion secured $30m while IGC Hospitality took part in restaurant management technology provider MarginEdge's $18m series B round.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Bristol Myers Squibb helped the cell encapsulation technology developer raise cash that will help fund its international growth.