Rutgers University-New Brunswick has spun out Infinity Biologix with backing from Viking Global Investors to manage the distribution of a saliva-based coronavirus test.

Vanderbilt University was among the participants in a $75.9m round for Monzo that cut the mobile bank's valuation from more than $2.5bn to under $1.6bn.

Property developer Greenland Holdings has returned to reinvest in mobile broadband infrastructure provider Baicells as part of a nine-digit renminbi round.

The protein degradation-focused drug developer, a spinout from Dana-Farber Cancer Institute, received $150m in series B funding and $20m in venture debt.

Wandelbots, which came out of Technical University of Dresden research, secured the funding as it publicly launched its robotics training software tool.

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

The educational game portal, a spinout of Norwegian University of Science and Technology, pulled in $28m as investors also bought $62m of secondary shares.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Bond market data provider Neptune Networks attracted several of its financial services partners to close its first publicly disclosed round.

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