Vay Sports has been spun out of University of Zurich to commercialise a fitness app that exploits computer vision to monitor a user's posture.

The Raptor Group-backed eSports brand will use the capital from the series A round to launch its audio product line and expand in the US and Asia.

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

Hannover Medical School chip cytometry spinout Zelkraftwerk has been bought by Canopy Biosciences, providing an exit for tech transfer company Ascenion.

Needing to solve its debt predicament before the end of this year, Karolinska Development has launched negotiations with its largest convertible note holder, Sino Biopharmaceutical.

The Mastercard and Keolis-backed transport ticketing software provider will use the capital to fuel an international growth drive.

Scottish Investment Bank and Innovate UK were among those backing University of Strathclyde brain cancer diagnosis spinout ClinSpec Diagnostics.

Sohaib Mir has earned a promotion to principal having joined Cambridge Innovation Capital to provide business expertise in the life science space in 2014.

Digital China Health Technologies chipped into the third tranche of a round featuring fellow corporates BGI Genomics and Healthlink that now tops $30m.

KU Leuven has retained pole position on Reuters’ Top 100 index of innovative European universities for the fourth year running, while Germany's academic sector grabbed the most places of any country.