UCL life sciences spin-out Magnus raises seed funding.

Refold is commercialising recyclable, foldable desks.

University of Illinois at Urbana Champaign has secured investment in a seed round.

Destina Genomics secures investment from the Scottish Investment Bank.

Dresden and Ulm universities spin-out Heliatek closed its series C round.

The Germany-based bank, which already runs an incubator, has launched a dedicated corporate venturing unit to fund European financial technology start-ups.

The corporate-backed venture firm has already achieved two exits, from Oculus VR and RelateIQ, out of its $448m first fund.

Pharmaceutical companies Eli Lilly and Bukwang Pharma were among the backers of venture firm TVM's latest fund, which closed at $201.6m.

The Korea-based conglomerate has initiated the DreamPlus Alliance, a group of accelerators formed across Asia with a range of partners.

Comprimato has raised investment in a venture round.