The fund will invest in companies linked to École Polytechnique, including spinouts, alumni-founded startups or businesses incubated by the school.

Novo and Sanofi Ventures both participated in a series A round for the neurodegenrative disease drug developer, which is led by EIRs at Novo Seeds.

VIB and V-Bio Ventures have both participated in a series A round for Muna Therapeutics, the result of a merger of two recent spinouts.

AG2R La Mondiale helped the technology-powered lending platform secure fresh funding which has taken the overall capital raised by the company to $400m.

Renault co-led a round for the electric vehicle battery developer, investing alongside fellow corporates Arkema, Capgemini, Schneider Electric, Tokai Cobex and Groupe Idec.

Drug discovery technology developer Standigm added $10m to the cash it raised from SK Chemicals last week while Six FinTech Ventures helped fintech software provider Toqio secure $9.4m.

Jim O’Neill, Duncan Johnson and Russell Schofield-Bezer will lead the investment company set up by the universities of Leeds, Manchester and Sheffield.

Swisscom and Hitachi-backed genomic data technology provider Sophia has filed to go public following some $250m in venture funding.

Nationwide helped the open finance business raise $18m which will be used to boost expansion in Europe and accelerate its growth across the wealth, insurance and retail spaces.

Q&A with Oliver Finch, investor, Maersk Growth