University of Ulm spinout WITec has agreed to a $50m acquisition by Oxford Instruments, itself the first-ever spinout of University of Oxford.

The Industrial Biotechnology Innovation Centre will invest in research projects at Scottish universities to support the creation of more spinouts.

Standard Industries' 40 North unit co-led a series D round that included LG, Schneider Electric, Rockwell Automation and Siemens at a reported $1bn-plus valuation.

11Street and CJ Group contributed to a $71.8m round for on-demand logistics provider Barogo while Eli Lilly helped provide $66m for macrocycle drug developer Circle Pharma.

UTokyo IPC has contributed to a funding round for Telexistence that brought the remote-controlled robotics technology developer’s total funding to $41m.

The accelerator will welcome agtech and foodtech developers for a 12-week programme, with Atlantic Bridge among those providing mentoring.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Deeptech Labs, an incubator backed by Cambridge Innovation Capital, has announced its inaugural cohort of five startups that have each received $485,000.

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.