University of Cologne’s virtual power plant operator Next Kraftwerke has agreed to an acquisition of undisclosed size by Shell.

Sinar Mas has exited the supply chain platform developer in a purchase by Warung Pintar that follows approximately $12m in funding.

University of Alberta spinout Tevosol has been picked up by Bridge to Life but will maintain its base in Edmonton.

Fund management software developer Hentsu has been bought by Portfolio BI, also a portfolio company of Credit Suisse Next Investors.

Academic answer provider Instasolv has agreed to be acquired by Vedantu eight months after receiving $2m in funding from the latter.

Stanford-StartX Fund-backed Nearpod has agreed to an acquisition by Renaissance Holding.

Centessa has been formed as a biotech conglomerate with $250m in funding following a ten-way merger, including multiple spinouts.

Main Sequence Ventures-backed FluroSat has joined forces with its peer Dagan and the combined business will operate from the US as Regrow.

The New York Times, Automattic, WGBH, American Public Media, McClatchy, Graham Holdings and Bose have exited the podcasting platform developer through the deal.

MedPilot, a developer of healthcare revenue management software, has been acquired after raising $3.6m from backers including Cedars-Sinai Accelerator.