Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

Ventura Capital has led the round for the Imperial College London-founded rapid covid-19 test kit maker, which will use the funding to expand internationally.

Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

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

Ally had raised $10m in seed funding from investors including UCB but disappointing animal studies led the company to be wound down.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.

The sleep improvement-themed firm’s first fund counts ResMed as an investor, while the latter’s SleepScore Labs subsidiary helps its portfolio companies with product development.

Genomics care provider Genome Medical closed a $60m round backed by several corporates while brokerage software producer Alpaca secured $50m.

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

Harvard and MIT-linked Neural Galaxy has picked up $77m in a series A round led by existing shareholder 3E Bioventures.