British University Spinout Investment Fund hopes to complete its fundraising efforts by 2020 to back businesses based on university research.

DTU-owned PreSeed Ventures will seek to raise an independent fund following the wind-down of government support, and has appointed Jesper Juhl Hansen as CFO.

The "Spin-Off Universität St. Gallen" label has been granted to 122 spinouts over the past two years, with 22 of those remaining based in the city.

ADP, SEB, Michelin, Valeo, Accor, BioMérieux, Dassault, JCDecaux Holding, Kering and Pernod Ricard have all contributed to the venture fund’s $358m first close.

The sports content publishing platform increased its overall funding to $120m with a ProSiebenSat.1-backed round that will enable it to extend its M&A activities.

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

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

Publishing group Axel Springer's Aviv subsidiary has reportedly picked up a 20% stake in real estate marketplace Housell by leading a $13.6m round.

Dundee-founded drug discovery company Exscientia has entered into a collaboration agreement with GT Apeiron, whose parent GT Healthcare invested in the spinout’s series B round.

Aedhmar Hynes, former CEO of digital communications agency Text100, will join IP Group as an independent director on August 1.