Teenager-focused digital banking app Step collected $22.5m in the Stripe-led series A round, which featured WndrCo and existing backer Sesame Ventures.

Online services marketplace operator Thumbtack has added $120m to its funding arsenal, bringing the Alphabet-backed company’s total equity to more than $390m.

Lumar-backed social shopping app Depop has received $62m in a series C round that will fund the company's expansion in the US.

Stanford-StartX Fund joined others including Total Energy Ventures, Samsung Next and RATP Dev to back public transit management software publisher Swiftly.

Third Rock’s fifth vehicle will bid to form and invest in more promising biotech ventures to follow the likes of multiple spinouts, such as Johns Hopkins' Thrive Earlier Detection.

Apple is rumoured to be preparing to move in for self-driving vehicle software developer Drive.ai, opening a potential exit for ride hailing service Grab.

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

Alphabet subsidiary Google has agreed to acquire data analytics platform developer Looker, supplying an exit to Alphabet unit CapitalG.

University of Buffalo and Buffalo Niagara Medical Science have cut the ribbon on a new $32m innovation program aimed at commercialising local medical research.

University of Memphis has joined regional entrepreneurship body Epicenter Memphis in a bid to spawn new spinouts anchored by postdoctoral research.