Based on research at Ludwig Maximilian University of Munich and Max-Planck-Institute for Biophysical Chemistry, Modag has launched out of stealth with $14m in series A funding.

Immuno-oncology therapy developer Century Therapeutics has emerged from stealth, having been established by Versant Ventures to advance Stanford and Harvard research.

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

The nano medicine technology developer received $11.2m in a Mandatum Life and Ilmarinen-backed round.

Immuno-oncology therapy developer Century Therapeutics has emerged from stealth, having raised $250m from Leaps by Bayer, which invested $215m, and Fujifilm subsidiary FCDI.

SoftBank has provided $250m of series B funding for EV infrastructure developer Ola Electric Mobility, reportedly pushing its valuation to $1bn.

Sumitomo Life Insurance acquired a stake sized at about 25%, in a deal that increased the online life insurance providers' total funding to $153m.

The Tencent-backed online medicine distributor has reportedly increased its valuation to more than $1bn in a series C3 round of undisclosed size.

Online pharmacist 1mg has completed a series D round that reportedly valued the Intel-backed company at $200m.

Xiaohongshu, an e-commerce platform backed by Alibaba and Tencent, is looking to add up to $500m in funding to its coffers from investors including SoftBank Vision Fund.