Lloyds took a 10% stake as it led a $23.5m series A round for Thought Machine, gaining access to the fintech developer’s cloud-based banking platform.

Longwall Ventures has led a $2.8m seed round for University of Oxford’s newest spinout, quantum technologies-based sensor technology developer Oxford HighQ.

University of Southampton spinout Exosect has been put up for sale by Hilco Streambank in an effort to salvage the pest and disease control technology producer.

Returning investor SMS Group took part in a $19.5m round for Omeicos that will fund the entry of its persistent atrial fibrillation drug candidate into a phase 2 trial.

3M Ventures has participated in a $13.7m round for VTT spinout Dispelix, which is working on augmented reality display technology.

Patrick Murphy, who headed Universal Music's corporate venturing activities for three years, will head Web Summit's newly formed fund, which is targeting a $50m close.

Oxford University Innovation has released its quarterly figures that reveal more than 89% of external investments in its spinouts occurred in August.

SMS Group has backed a $19.5m series C for Omeicos Therapeutics to enable the Helmholtz spinout to advance its treatment for atrial fibrillation into a phase 2 trial.

Orchard Therapeutics has listed in the US following a $200m initial public offering that came just three years after the gene therapy developer was spun out of UCL.

Rich Ferrie has bid farewell to University of Manchester after 14 years to join University College Cork's tech transfer operation.