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

The reorganised unit will consolidate and build on the work of the Office of Technology Transfer and Business Engagement Center.

Andreas und Thomas Strüngmann, two of Germany’s richest investors, have committed $29m to help expand TU Munich’s tech transfer operation.

Having priced its shares at the top of its range, UChicago spinout Pyxis Oncology suffered a drop on the first day of trading.

Ouster has bought the Congruent Ventures-backed lidar technology developer and will restructure the business as a wholly-owned subsidiary called Ouster Automotive.

The Earlybird Uni-X Fund will support early-stage spinouts originating from European institutions such as RWTH Aachen and Imperial College London.

The Engine was among the investors that helped the lithium mining process developer raise a series B round first announced last month.

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

Lindsay Klee is the new senior director of technology commercialisation at Wayne State University, having previously worked twice for University of Michigan.

Tel Aviv University spinout CB4 has been bought by Gap after having raised at least $22m in equity financing.