University of Minnesota spinout Flipgrid has been acquired by Microsoft for an undisclosed sum, three years after raising $17m.

Wearable sleep tracking device manufacturer Onera has raised an undisclosed sum after spinning off from TNO and nanoelectronics maker Imec.

Calibrate Ventures has led a $22m series A in Embodied, a robotics developer co-founded by USC professor Maja Matari.

Companion robot developer Embodied, backed by Osage University Partners, has raised $12.4m in a round with a target size of approximately $18.8m.

Preserve is set to launch a sports drink in October 2018 based on Flinders University research into hydration.

The three investees include regenerative cardiovascular medicine developer CorMatrix, which had previously raised a total of $38.5m in funding.

Wind power digitalisation technology supplier Fos4X previously secured support from Unternehmertum Venture Capital Partners in 2013 and 2015.

Venture V, whose limited partners include the European Investment Fund, will invest in spinouts from Sintef and NTNU.