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

HKU has selected 25 university-linked businesses to receive funding from its portion of the government-funded Technology Start-up Support Scheme for Universities.

Novel, PayPal and Qualcomm-backed Viva Republica almost doubled its valuation to $2.2bn and has now raised more than $260m altogether.

SoftBank's second Vision Fund, which has secured MOUs for $108bn in capital, is preparing to kick off investments and could start next month.

Experian led a sereis B1 round for the Alibaba and SBI Group-backed Southeast Asia-focused financial comparison platform to take its total funding to about $115m.

Existing backer Rakuten Ventures has returned to invest in the Itochu-backed marketing software provider in a $93.9m round led by KKR.

SoftBank Ventures Asia and Singtel Innov8 were among the investors in the $90m round, which closed alongside Carro’s acquisition of e-commerce marketplace Jualo.

The Shanghai Electric and CRRC-backed EV manufacturer has increased its valuation to more than $1bn with a $51.5m investment from Jinhua Zhongche Fund.

Huadao Biopharma has collected a $14.5m series B investment from NKY Medical Holdings to build out its cancer treatment technology.

Materials and hardtech will be focuses for the CVC unit, says MD Nicolas Sauvage.