University of Tokyo will invest an initial $89m in the fund, which will also seek external limited partners.

Healthcare services provider Wider Circle raised $38m in an AmeriHealth Caritas-led round while data management software producer Tonic.ai closed a $35m Bloomberg Beta-backed series B.

Q&A with Stefan Gabriel, managing director and CEO, Hitachi Ventures

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

Online reselling platform developer Meesho enlisted Facebook, SoftBank Vision Fund 2 and Prosus Ventures for a round that valued it at $4.9bn.

The Nio Capital and SB Energy-backed EV battery exchange platform’s latest round was co-led by Sinopec Capital’s Enze Fund and brought its valuation to over $1bn.

The TAL Education-backed online tutoring platform developer achieved unicorn status with a round hiking its overall funding to about $295m.

Sistema co-led a new round for the customer engagement platform developer fresh off the latter's merger with virtual call centre operator Ameyo.

Comcast-backed real estate platform developer Nomad secured $20m while Hannover Re-backed insurance software provider Sureify received $15m.

Undisclosed investors have backed the self-driving robot developer’s latest round, three years after its SoftBank-backed series B.