The pharmaceutical firm will pay $425m up-front for University of Michigan and Ohio State University-founded OncoImmune after the latter pivoted its research pipeline to target severe cases of covid-19.

Tony Raven, CEO of Cambridge Enterprise and a GUV Lifetime Achievement awardee, will step down by the end of next year.

The Engine-backed $38m series B round took the quantum computing software developer's total funding past $64m since being spun out of Harvard in 2017.

CMU-founded language learning platform developer Duolingo has now raised $183m altogether and has increased its valuation 60% to $2.4bn.

Prof Leah Cowen will be University of Toronto’s first associate vice-president for research, building on expertise that includes being a co-founder of spinout Bright Angel Therapeutics.

The Engine has appointed Lara Metcalf as CFO and COO, a month after raising a $230m second fund backed by MIT and Harvard.

UC Berkeley-founded emissions measurement provider Aclima has raised cash in a round that included Splunk, RBVC and Microsoft Climate Innovation Fund.

Harvard University’s Wyss Institute has partnered Northpond Labs to create a research and innovation alliance equipped with $12m in funding.

The property developer has backed Chinese Academy of Medical Sciences spinout Juventas to help advance its clinical-stage oncology cell therapy candidates.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.