Acera Surgical, a spinout of Washington University in St Louis, has raised an initial $5.1m out of a targeted $10m.

UNC-Chapel Hill has become the latest university to join forces with Deerfield Management and launch a $65m commercialisation fund.

Stanford-StartX Fund has exited business intelligence software provider DataFox in an acquisition of undisclosed size by Oracle.

IU Philanthropic Venture Fund has committed $500,000 to a $2.2m bridge round for Nerx Biosciences, based on research at Indiana University.

Rogue Venture Partners, whose largest limited partner is Oregon State University, has led a $3.7m funding round for Lensabl.

Kate Rowley, formerly a director of IP Group with a focus on the healthcare sector, has joined investment firm BioScience Managers.

Institut Pasteur spinout Invectys will use the funding to advance a drug candidate for a type of leukaemia into a phase 2 trial.

Researchers at University of Alabama at Birmingham will be able to apply for up to $35,000 in funding to support the commercialisation of their inventions.

SEI Ventures will invest in seed-stage companies and give startups the opportunity to pilot their technologies across Strayer University and Capella University.

Yield Capital, established by a Tsinghua University institute, has partnered Hyundai Motor to raise a total of $100m for a hydrogen-focused fund.