University of Chicago and Northwestern University have drawn more funds from a JP Morgan Chase initiative designed to support inner-city entrepreneurship and underrepresented groups.

Galvanize has raised $32m from investors including University Ventures and is using some of the money to acquire coding bootcamp operator Hack Reactor.

The Johns Hopkins-backed antibody developer floated above its range and has seen its stock almost double in price.

The UC Investment Office-backed cancer drug developer cut the number of shares in the offering but priced them at the mid-point of its range.

Parkwalk has returned to back Oxford spinout Proxisense, which develops sensors for evaluating the status of industrial components.

The UCL and University of Houston spinout has raised more than $22m to date and is commercialising magnetic surgical guidance devices for breast cancer procedures.

CIC joined Arm, Silver Creek Ventures and Harris Barton Asset Management for Swim.ai's series B, bringing the data analytics software developer's total to $18m.

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

Dongkoo Bio&Pharma and D&D Pharmatech both contributed to a series A round for the neurologic disorder drug spinout from Johns Hopkins.