The Shinsei Corporate Investment-backed small satellite engineering startup has secured commitments from new and existing investors for a round with a $20.7m target.

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

Great Wall Motor's automotive battery technology spinoff has raised $541m in a round co-led by Bank of China Group Investment and CMG-SDIC Fund Management.

The GPU technology developer has completed a pre-series A round in the 10-digit yuan range that was backed by investors including ByteDance, H&T Intelligent Control and Pony.ai.

The Jinlong Group-backed biologic drug developer’s latest round pushed its overall funding from the past 12 months to approximately $387m.

The Baidu, Geely and SIG-backed in-car technology developer hiked its valuation to $2bn in a series A-plus round led by China Venture Capital Fund.

The construction materials marketplace operator was valued at $1bn in a round featuring Sistema Asia Fund.

IDG Capital has led a round, sized at hundreds of millions of yuan, for the 6 Dimensions Capital-backed cancer therapeutics developer.

Sinar Mas has exited the supply chain platform developer in a purchase by Warung Pintar that follows approximately $12m in funding.

Having abandoned plans for an IPO three years ago, ReNew Power has now settled on a reverse merger and will secure proceeds worth $1.2bn.