Compagnia di San Paolo, Saes Group and Umbra Group have stepped up for the tech transfer fund, which has now raised $49m so far.

The chemical analysis device developer has added $20m to an initial public offering following $70m in funding from investors including Utec.

Bar-Ilan University’s textile developer Sonovia has completed an $18.5m initial public offering on the Tel Aviv Stock Exchange.

Magnax raised the cash from investors including automotive parts firm Hirschvogel Automotive with a view of broadening R&D and entering new markets with its EV motor technology.

Allied Minds has reinvested in spectral satellite imaging company Orbital Sidekick to help fuel the latter's sales, development and product plans.

UTokyo Innovation Platform has scored an exit as the online investment platform developer went public on the Tokyo Stock Exchange.

OSI has reinvested in the Oxford fusion energy spinout now set to expand its R&D capacity and headcount.

Citi Impact Fund helped supply $60m to help MIT’s smart scooter provider Superpedestrian hike its overall funding to about $140m.

Based on inventions from Harvard and Dana-Farber Cancer Institute, Neomorph was launched earlier this year with the support of Deerfield Management.

MIT has appointed its Apollo Program professor of astronautics Dava Newman to direct the Media Lab research centre.