Sectors

Lundbeckfonden Ventures took a board seat at VarmX as part of a $36.2m round that will fund development of a treatment for spontaneous bleeding.

The digital banking tool provider, formed by Live Oak Bank and First Data, has pulled in funding from investors including Pinnacle Bank.

LG and Mitsubishi UFJ Capital have exited the driver assistance technology developer in a purchase of undisclosed size by LeddarTech.

The financial mapping software provider has added $2.5m to the SAP-backed first tranche it closed in January, taking the round to $11.5m.

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

CAS-backed AI processor provider Cambricon, valued at $2.5bn in 2018, floated on Shanghai's Star Market.

Baylor College spinout AlloVir has filed to raise up to $100m in an offering that will support the clinical development of a treatment for viral diseases.

Alibaba's financial services spinoff is reportedly lining up an offering this year that would also represent an exit for China Life and China Post.

Lenovo, iFlytek, Alibaba and Tuling Century-backed AI processor provider Cambricon, valued at $2.5bn in 2018, floated on Shanghai's Star Market.

The co-working space provider, which counts a slew of corporates among its investors, will list on Nasdaq by merging with a SPAC in a deal jointly valuing them at $769m.

Stem-cell cancer treatment developer Vor Biopharma has collected more capital from investors including existing backers Johnson & Johnson and PureTech Health.