Vensana has raised $225m for its first fund from LPs including university endowments and foundations as well as academic health centres.

University of California has generated steady returns from its venture capital allocation but expects this to decline in years ahead.

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

The multi-institution commercialisation unit has a new name to underscore its commitment to building companies on the back of its members’ research.

Peer-to-peer car rental provider Getaround is reportedly set to raise $200m to follow $396m from investors including SoftBank, Shanghai Automotive, Toyota and Cox Automotive.

Sumitomo Dainippon Pharma will acquire at least 10% of Roivant in addition to its interest in five pharmaceutical subsidiaries through the deal.

Stanford-StartX Fund is set to exit the IoT security platform developer in a $75m purchase by Palo Alto Networks.

Celgene-backed Repare Therapeutics secured $82.5m that will support the entry of its first cancer drug into clinical trials.

The finance management tool provider has now secured more than $140m altogether, following a series D round led by Cuna Mutual unit CMFG Ventures.

The cybersecurity software provider has received $14m from Deutsche Telekom Capital Partners and Salesforce Ventures and has now raised $91.5m to date.