VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Financial services firm City National Bank has bought Stanford StartX-backed royalties payment platform Exactuals having led its series B round last year.

Biontech, an immunotherapy spinout of Johannes Gutenberg University Mainz, has received an undisclosed amount of equity funding as part of a collaboration deal that could reach $425m.

Enterprise data management platform Instaclustr has collected $15m in funding after raising $6.9m from investors including Australian National University’s ANU Connect Ventures.

University of Aberdeen and entrepreneurial training firm Elevator have concluded the latest edition of their Accelerator Aberdeen program.

Digital prescription platform Healthera has been backed by Cambridge Enterprise, its Seed Funds vehicle and UCEF.

OSI has backed digital wellness technology company BioBeats, which was founded by University of Surrey faculty and counts multiple corporates among its shareholders.