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

Flint Hills Resources has contributed to a $133m series B round for RWDC Industries, which is working on a biodegradable alternative to plastic.

Visa has participated in a series D for Nium, the international remittance service formerly known as Instarem, with earlier reports suggesting a $75m to $100m round size.

The mobile payment terminal supplier booked $5.8m from its IPO and is now lining up an acquisition to expand its business.

The marketing agency has partnered its ISID subsidiary to form a new open innovation arm in Silicon Valley, appointing Dentsu Ventures’ Yu Hirayama to manage the initiative.

The food and nutrition business picked up backers including Fosun International and existing investor Qualcomm Ventures after earlier rounds in 2011 and 2014.

Kingsoft’s cloud services subsidiary has set its price range for an initial public offering in the US and will raise as much as $450m in proceeds if it floats at the higher end.

A month after reports suggested Ninja Van had raised $124m in series D funding from several corporates, the company confirmed it actually secured $279m.

TCL Capital was among the investors in a $119m funding round for ASR Microelectronics, which also attracted Zhangjiang and increased its overall funding to $419m.

ByteDance-backed news and entertainment aggregator Dailyhunt increased its total funding to around $183m after a series G extension from James Murdoch-aligned Lupa India.