Meinders & Elstermann was among the investors as Cobi, the creator of a connected bike control system, raised $7.1m to take its overall funding to $11.5m.

The Spain-based bank added $150m to the $100m it committed to corporate venturing three years ago and transferred it to a new venture firm called Propel Venture Partners.

Cambridge Touch Technologies, which develops 3D touch screen systems, raises an investment of undisclosed size from Cambridge University's commercialisation arm.

Oxford University spins out Orbit Discovery as it secures funding for its peptide discovery program.

The social media curation platform has received additional funding from Inkef Capital to boost its Singapore Press Holdings-backed series A round to $7m.

Cambridge University breaks its own seed funding record for the third year in a row, investing $5.5m last year.

The aircraft engine manufacturer is set to invest further in startups, after forming an accelerator last year.

Enterprise software supplier Kainos joined Queen's University Belfast's TTO for medical diagnostics company Cirdan's latest round.

The pharmaceutical group will invest in oncology and dermatology companies, startups and laboratories through the Pierre Fabre Fund for Innovation.