SR One is line for an exit from the small-molecule therapy developer, which has raised $170m in venture funding in the past year.

Ohio State University spun out a total of 13 companies in the last fiscal year and now has a portfolio with a record 98 active businesses.

Oklahoma State University has struck a partnership with Innosphere Ventures to support the commercialisation of its research.

Max Planck spinout Quench Bio will wind down after its target proved undruggable and will return capital to investors, which include AbbVie Ventures.

Quench Bio will wind down after its protein target proved undruggable and will return capital to investors including AbbVie Ventures.

Bertelsmann Asia Investments took part in a round reportedly valuing the lidar technology developer at $300m.

Hyundai, Kia and GV are contributing to a $350 PIPE in support of a reverse merger that will value the Maryland and Duke-linked company at $2bn.

Coinbase Ventures contributed to a round that lifted the digital wallet developer's overall funding past the $35m mark.

Q&A with Neda Blocho, principal and head of Studios, and David Li, principal, Avanta Ventures

Hyundai, Kia and existing investor GV are contributing to a $350 PIPE in support of a reverse takeover that will value the merged company at $2bn.