Sectors

Harvard spinout Emulate will use the cash to further develop its organ-on-a-chip technology, having now raised nearly $225m in total.

Q&A with William Taranto, president, Merck Global Health Innovation (GHI) Fund, and vice-president, Merck Global Health Innovation Group

The carmaker intends to allocate $356m to the vehicle, which will invest in early-stage companies in addition to decarbonisation schemes.

Parkwalk Advisors and Cambridge Innovation Capital have backed the pet antibody therapeutics developer, a spinout of Wellcome Sanger Institute.

University of Illinois Urbana-Champaign’s cost management platform developer has increased its valuation to $280m in its most recent round.

SoftBank Vision Fund and SAEV - both existing investors in the enrgy storage technology developer - contributed to a $100m PIPE financing supporting the deal.

Stryker has bought the surgery monitoring software provider, which was backed by Stanford-StartX Fund.

Networking and cybersecurity technology provider Aviatrix was valued at $2bn through a series E round backed by existing investor Liberty Global Ventures.

The online lender, which is backed by Telefónica’s Wayra unit, has completed a $75m close, tripling its valuation to the nine-digit dollar range.

Novo-backed surgical robot maker Procept will fund recruitment and product development initiatives with the proceeds of an IPO for which it has just set terms.

Existing backer Novo has helped the teeth straightening technology producer close a series D round hiking its overall funding to over $170m.