Q&A with Wade Sheffer, managing director, GM Ventures

Lilly Asia Ventures took part in a $78m round for oncology therapy developer BH Med while gifting platform developer Snappy completed a $70m Hearst-backed series C.

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

Alexandria Venture Investments has participated in an $88.9m round which has pushed the biotech developer's total funding past $142m.

Affirm spinoff Resolve raised $60m from investors including its parent company, while sales and marketing software provider Qualified secured $51m in a Salesforce-backed round.

GV has returned to back the indoor farming operator’s series C round at a $2.3bn valuation, helping to take its total funding to over $470m.

Q&A with James Field, service design lead, Ferguson Ventures

Exor-backed card issuing technology provider Lithic raised $43m while Mitsui Sumitomo Insurance is providing $36m to lead Upstream Security's series C round.

Imec's venture capital arm has received $36.7m in capital from the Flemish government for its sophomore fund.

Crop monitoring technology developer Prospera is to be acquired by Valmont Industries in a $300m deal, giving exits to Tekfen Ventures, Cisco Investments and Qualcomm Ventures.