Ferguson Ventures has returned to reinvest in the business management software developer, which has collected nearly $41m in overall funding.

Existing investor Hearst backed healthcare services portal Wellthy in a series B round which pushed its overall funding to about $45m.

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.