Organic snack producer SMPL has been backed by Zell Founders Fund, a VC vehicle run by University of Michigan students.

University of Central Lancashire spinout Alusid has raised capital from Frontier IP to help fund a new factory for its building material made from recycled glass and porcelain.

Oxford VR is developing VR mental health applications with the help of funding from investors including the university and its OSI venture fund.

Medical imaging company iThera spun out of Helmholtz Zentrum München in 2010 and has now been backed by lighting products maker Osram.

The banks, both now strategic partners of debt marketplace CrossLend, have also invested in a $16.2m round for the company.

Murata Manufacturing led a round of undisclosed size for the spatial data technology developer, whose backers include Sumitomo, iRobot, Acer, Yaskawa and NTT Docomo.

Luxembourg car insurance telematics spinout Motion-S has secured the backing of automobile and cycle trade body Febiac as it prepares to expand into other mobility segments.

Shamrock Capital led a round that boosted the overall amount raised by the Baidu-backed sports media production platform developer to $40m.

Small satellite propulsion technology developer Exotrail has been backed by Satt Paris-Saclay as it prepares for a 2019-2020 market launch.

Suono Bio is based on MIT research and is aiming to use low-frequency ultrasound to bring therapeutic compounds to target cells with greater efficiency.