Fearless Fund and Harlem Capital are among the funds PayPal plans to back as part of a $530m pledge to support racial equity and economic equality.

The logistics and transportation services provider expects to commit $50m to innovative startups through RyderVentures by the end of 2025.

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

The Advance, Take-Two Interactive and Chernin Group-backed mobile game publisher increased its valuation to $3.3bn and its total funding to approximately $900m.

Arkansas has lured Weston Waldo, an innovation professional with expertise at I-Corps, to run its venture development programming.

HBCU Seed will invest in eligible startups from US historically black colleges and universities at a time of heightened tension over racial inequalities.

Blue Venture Fund will exit the cancer diagnostics technology startup in a purchase by another of its investors, Exact Sciences, that could reach $2.15bn.

MIT has put $35m into The Engine's second fund – up from its $25m commitment to the first fund – and has been joined by Harvard as a new LP.

Prosus Ventures was among the investors as the home care services provider boosted its overall funding to $255m.

The surgical technology provider has formed a strategic investment fund that has co-led a series A round for KēlaHealth.