Sectors

The electric vehicle producer received $73.1m from SAIC's parent company as it reportedly mulls an initial public offering that could value it at $4.3bn.

Désirée Heutschi will take over from Daniel Broger as head of corporate development, strategy and mergers and acquisitions at industrial group Orell Füssli at the end of this year.

Amadeus Capital Partners has hired Edward Kliphuis, who has left his role as investment director at Merck Group subsidiary M Ventures.

Schlumberger returned for the first close of the round, helping the emissions monitoring technology developer take its total funding to $55m.

The PayU and Rakuten-backed digital lending platform has filed for bankruptcy after regulatory changes in two markets meant customers halted loan repayments.

Crédit Mutuel Arkéa has returned in a $10.3m round for the financial advice software provider that will be used to add a retirement savings plan to its repertoire.

Accor Group, Groupe Monnoyeur and Thélem Assurances have all backed marine hydrogen generator and fuel business EODev, an offshoot of Energy Observer.

Small molecule drug developer C4 has fied for a $100m initial public offering, three months after the Dana-Farber Cancer Institute spinout raised a $170m round.

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

University of Stuttgart has scored an exit with the acquisition of nFrames, a 3D mapping technology spinout also backed by Vector Informatik.

The Tencent-backed fantasy sports provider has secured primary and secondary investment at a reported valuation topping $2.5bn.