NC State is the first of a planned five academic partners to benefit from on-campus commercialisation experts and access to capital.

V-Bio Ventures, the venture firm affiliated with VIB, will focus on healthcare and sustainable agriculture companies primarily in Belgium.

Cambridge and CRUK spinout Inivata has more than doubled its series C round to $60m following a $35m extension backed by IP Group.

James Wilkie has retired after 14 years of heading University of Birmingham Enterprise.

The Engine has co-led by $16m seed round for Cellino, which is working on a process to automate the generation of stem cells at scale.

CAS Investment Management, a subsidiary of Chinese Academy of Sciences, has backed medical devices developer Resproly’s series B round.

PreSeed Ventures-backed Vivino runs a wine recommendation platform and has raised $155m in a series D round after adding 21 million users in three years.

Additive manufacturing Uniformity Labs has raised $38.4m to advance additive manufacturing technology developed at Princeton University.

Kindred Ventures has attracted university endowments for its second fund, building on the successes of its $56m debut vehicle launched just two years ago.

Advancing technology originating at UC Berkeley, Databricks has increased its valuation more than fourfold to $28bn and will use the funding to further scale its business.