UChicago has returned for a $35m series B round for Kin Insurance, co-founded by an alumnus of the university’s Booth School of Business.

The plant-based food producer boosted its valuation to $4bn and has now raised a total of $1.5bn from investors including GV.

The JD.com subsidiary is set to pay $432m for a majority stake in the GLP-backed logistics services provider through a mixture of primary and secondary investment.

The fungal disease drug developer pulled in $60.8m from investors including Novo, which is switching board members at the company.

CSAA subsidiary Avanta Ventures returned for a round that will help the home insurance provider expand across the United States.

Virtual and mixed reality headset developer Varjo more than doubled its overall funding in a round in which Volvo Cars Tech Fund reinvested.

The healthcare automation software developer has now raised $70m altogether, with Optum Ventures leading its latest round.

Leaps by Bayer and Temasek have partnered to form a seed development startup that is focusing on the vertical farming market.

The Lenovo-backed supply chain optimisation platform raised $11.4m in a Vertex China-led round that boosted its overall funding to more than $22m.

Optum Ventures and Echo Health Ventures helped the healthcare chatbot provider take its overall funding to more than $41m.