EPFL spinout Bestmile is winding down, citing pandemic-related challenges and a failed attempt at getting acquired.

Bharti Enterprises’ stake in satellite broadband system developer OneWeb will increase to 38.6% after it agreed a $500m capital injection this week.

The fleet management technology provider is winding down following some $33m in funding from investors including Airbus Ventures and Groupe ADP.

Mediaset has exited the sports clothing retailer in a majority share acquisition by JD Sports following just over $9m in venture funding.

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.