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

The Applied Materials and Hengtong Optic-Electric-backed photonic chipset developer will be valued at $1.2bn once the transaction closes.

University of Colorado Innovation Fund has participated in a funding round for Riva Health that also attracted its affiliate health system UCHealth.

The PayPal-backed provider of restaurant order management software, has added $67.5m to the $450m it raised in its initial public offering last week.

SymBiosis and SIG-backed microbiome therapeutics developer Finch priced an upsized offering at the top of its range.

University of Nebraska-Lincoln is joining Innosphere Ventures’ ecosystem, after Oklahoma State University did the same earlier this month.

The incubator, located at the Center of Excellence in Bioinformatics and Life Sciences, is one part of the $32m Innovation Hub.

UCHealth contributed to a $15.5m round for the cardiovascular data platform developer that was led by Menlo Ventures.

Social media talent manager Night Media's fund will invest up to $300,000 per company in areas such as consumer-facing products, gaming and the creator economy.

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