Dean Chang has been named interim chief innovation officer in addition to serving as associate vice-president for innovation and economic development.

Digital bank operator Tonik Financial raised $131m in a Mizuho Bank-led round while e-commerce software provider Shopware secured $100m from PayPal and Carlyle.

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

Orange Grove Bio has partnered SV Investment to jointly source therapeutics in South Korea and the US and create spinouts.

SoftBank Vision Fund 2 led a $300m round for business-to-business marketplace ElasticRun and co-led blockchain creation platform developer Aleo's $200m series B.

The fund, a joint venture for Intel’s corporate venturing unit and its Intel Foundry Services subsidiary, will seek out startups developing novel semiconductor technologies.

SoftBank Vision Fund 1 and Shopify both invested in the shipping management service's first round in three years, more than doubling its valuation to $8bn.

Alphabet’s growth equity arm promoted several team members in 2021 including new general partner Jesse Wedler, Jackson Georges, James Luo, Jamie Rosen, Jeremy Zhu and Nina Gerson.

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

Financial services provider Tribal raised $60m in a SoftBank-led series B round while Credit Saison invested $30m in a round for peer-to-peer lender Julo sized at up to $60m.