Sectors

Chegg has exited the peer-to-peer educational content platform in an acquisition of undisclosed size by UOL Edtech.

Fosun Xingyuan Innovation Fund, reportedly an existing investor, helped the processed food provider secure $15.3m.

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

The Casic-backed, aerospace-focused industrial cloud software provider secured funding in a round co-led by China Merchants Capital, ICBC Capital and Shenzhen Capital.

The Applied Materials and Hengtong Optic-Electric-backed photonic chipset developer will be valued at $1.2bn once the transaction closes.

University of Colorado Innovation Fund has participated in a funding round for Riva Health that also attracted its affiliate health system UCHealth.

The PayPal-backed provider of restaurant order management software, has added $67.5m to the $450m it raised in its initial public offering last week.

Exor Seeds has led the $59.5m equity portion of the real estate platform developer's series C round, which included $179m in facility financing.

Eli Lilly has scored an exit after the inflammatory disease drug developer, which is now valued at about $1bn, went public.

SymBiosis and SIG-backed microbiome therapeutics developer Finch priced an upsized offering at the top of its range.

Cash Capital has participated in a $70m series B round for Shanghai ZhenGe Biotechnology, bringing the company’s total financing to $125m.