Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

UC Investments and the House Fund have invested in the data analytics software producer, which has been valued at $38bn in its series H round.

Amazon Web Services, CapitalG, Salesforce Ventures and Microsoft had previously invested in the data analytics software producer, which has been valued at $38bn in its series H round.

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

The Ethereum scaling technology developer raised two rounds this year, having spun out of Princeton in 2018.

The Ethereum scaling technology developer raised two rounds this year as it prepares to move its platform out of beta.

Prosus, Prudential Financial and Visa could exit remittance services provider Remitly when it floats later this year.

The investment firm has taken a majority stake in the sales communication platform developer, which had raised over $100m from investors including HubSpot.

Ally had raised $10m in seed funding from investors including UCB but disappointing animal studies led the company to be wound down.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.