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

The Alphabet unit led the speciality online shopping platform’s series C round, which brought its total funding to over $140m.

Capgemini, Salesforce and ServiceNow helped visual commerce platform developer Threekit net $35m while Tencent led a $26m round for UGC management software provider Mod.io.

Prosus Ventures is set to exit the food and consumer goods delivery service in an all-stock deal which will boost DoorDash's international aspirations.

DivcoWest, JLL and Allegion combined in a $60m round for workplace data platform developer VergeSense while Sanofi committed up to $60m to ocular therapeutics developer Gyroscope.

Alibaba and Tencent contributed to a late-stage round reportedly valuing the social commerce platform developer at up to $20bn.

Ubicom Holdings Japan helped gynaecological imaging software developer Illumigyn take its total funding to $33m while Optum took part in a $30m round for health payment technology provider Medallion.

Cox Enterprises invested in digital media company Axios at a $430m valuation while Bristol Myers Squibb helped enzyme drug developer Nitrase Therapeutics boost its series A round to $45m.

Coca-Cola paid $5.6bn for the 85% of the sports drink brand it did not already own, having invested an undisclosed amount three years ago.