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

UK-listed water treatment and monitoring business Modern Water, an IP Group portfolio company, is to merge with Integumen in a deal valuing its stock at around $21.3m.

Seed investor Slack Fund returned for a series A round closed as Grid prepares to fully launch its advanced spreadsheet software.

Telia Ventures and Alibaba's eWTP Innovation Fund helped esports platform developer Challengermode boost its total funding to $18m.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

NetScientific and EMV Capital have completed their merger to assemble a portfolio of 15 companies in healthcare, energy and industrial tech.

The oil refinery operator has chipped into the Emerald Industrial Innovation Fund, already backed by Caterpillar, Chevron, GC, Henkel and DIC.

CR-CP Life Science Fund has led the RSV treatment producer’s latest round, participating alongside new and returning backers including Novo and EMS.

Pagantis has agreed to be purchased by Afterpay in a deal sized at about $59m having raised more than $92m from backers including the Credit Suisse’s SPF Investment Management spinoff.

The Telefónica subsidiary has bought cyber risk consultancy and software producer Govertis having previously invested through subsidiary ElevenPaths.