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

Bill Gates has returned to lead an $85m round for satellite internet provider Kymeta, which has now raised more than $280m since it was set up to advance Duke University research.

AI pathology aid developer Medmain, a Kyushu Universty-aligned startup, will use the capital to support international expansion.

Medical equipment maker Yuanzhi Technology led a $43.5m round that will fund work on BGI-backed YuceBio's TMB biomarker.

Toronto Innovation Acceleration Partners has scored an exit having invested at least twice in cancer and fibrosis therapy developer Forbius.

Novartis and existing investors GV, Kaiser Permanente Ventures and Roche Venture Fund helped the cancer test developer push its total funding past the $500m mark.

CR-CP Life Science Fund has led the RSV treatment producer’s latest round, participating alongside new and returning backers including Novo and EMS.

Bill Gates has returned to lead an $85m round for satellite internet provider Kymeta, which has now raised more than $280m from investors including Intelsat and Liberty Global.

The Athenahealth-backed telehealth software provider took its total funding to $125m in a round led by HLM Venture Partners.

Pagantis has agreed to be purchased by Afterpay in a deal sized at about $59m having raised more than $92m from backers including the Credit Suisse’s SPF Investment Management spinoff.