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

Keio spinout Heartseed has added $37m to its coffers thanks to the university's Innovation Initiative and UTokyo Innovation Platform.

BOE Technology and Will Semiconductor have chipped into a series C7 round for the multicorporate-backed AI computing chip producer valuing it at $5bn.

The Tencent, Naspers and BCC-backed educational course provider secured the funding at a $16.5bn valuation, adding to $1bn it raised in April.

The SoftBank, Tencent and Shougang-backed online car retailer boosted its valuation to $10bn in a round led by H Capital.

Transcarent has raised $58m from Bayer and Merck, while Nvidia has bought DeepMap, one of its portfolio companies also backed by Bosch.

The corporate-backed on-demand ride provider has filed for an initial public offering in the US and could raise as much as $10bn in proceeds.

Nityo has become the largest shareholder in the banking software provider after backing a round at a $600m post-money valuation.

The Tata unit has reportedly bought a 55% stake in the Intel Capital-backed digital pharmacy operator, which was valued at $200m as of mid-2019.

The alcoholic beverage distributor's Country Garden-led series A round took its overall funding close to $157m.