The venture firm’s second fund has secured a $20m commitment from the International Finance Corporation, bringing the vehicle to $250m.

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

CMU-founded language learning platform developer Duolingo was valued at $2.4bn as of its last funding round in November 2020.

Healthcare planning software developer Hospital IQ secured $25m in a Baxter-led round while augmented reality platform developer Ubiquity6 and infant product retailer Mumzworld have been acquired.

Q&A with Michelle Moon, principal, LG Technology Ventures

Existing investor SoftBank was among the investors in a round which more than doubled the corporate fitness and wellness services provider's valuation.

The Cisco and Deutsche Telekom-backed interactive video advertising software provider will acquire an NYSE spot after the deal, valuing it at a $1.3bn pro-forma equity valuation.

CapitalG is in line to score an exit from the language learning app developer, which was valued at $2.4bn in its last funding round.

Jon Soderstrom will step down as managing director of Yale University’s tech transfer office tomorrow after 25 years in the job.

The Stanford spinout has gone public following a $238m IPO, after revealing that the university was also among the series B investors.