Rabo Investments and Novo helped the agriculture-focused venture capital firm raise $175m for the first close of its sophomore fund.

The financial services marketplaces have merged to form Raisin DS, which counts Deutsche Bank, Goldman Sachs, Orange Digital Ventures and PayPal Ventures as existing investors.

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

Healthcare planning software developer Hospital IQ secured $25m in a Baxter-led round while augmented reality platform developer Ubiquity6 and infant product retailer Mumzworld have been acquired.

The Legal & General and Link Group-backed pension platform operator secured the primary funding along with a $76m secondary investment.

The surgical technology developer was valued at $3bn in a series C round backed by returning investor Cambridge Innovation Capital.

Karolinska Development-backed Biosergen has begun trading on the Nasdaq First Growth Market, having already undertaken a $5.9m offering earlier this month.

Suez Group has paid an undisclosed amount for water flow analytics provider Inflowmatix after investing $3.4m in the company in 2019.

Existing shareholder Suez Group has acquired Imperial College spinout Inflowmatix, providing exits to IP Group and Parkwalk Advisors.

University of Oxford and OSI are set to exit the medical diagnostics software provider in a flotation with a $75m placeholder target.