GlobalFoundries and Intel both took part in a $24m series A round for Ayar, which will use the money to commercialise its light-based data transmission technology.

The university venture fund, once established, will be the first of its kind for Waseda University and will be raised in partnership with Well Investments and Beyond Next Ventures.

Fujifilm, Olympus and TechMatrix were among the participants in a round that boosted medical imaging technology spinout LPixel's funding to $35m altogether.

University of Minnesota is part of a list of limited partners that provided $150m for Brazil-based venture firm Monashees to close its eighth fund.

UPMC and Cigna Ventures were among the contributors to the first fund raised by healthcare services and software VC firm Health Velocity Capital.

CreditEase is part of a list of limited partners that provided $150m for Brazil-based venture firm Monashees to close its eighth fund.

Longwall Ventures has led a $2.8m seed round for University of Oxford’s newest spinout, quantum technologies-based sensor technology developer Oxford HighQ.

Bristol spinout Vitamica has closed a seed round with the backing of University of Bristol Enterprise Fund II and Wyvern Seed Fund.

Di-Ann Eisnor has joined VC firm Obvious Ventures to fund urban infrastructure startups, after similar work at Google’s Area 120 incubator.

University of Southampton spinout Exosect has been put up for sale by Hilco Streambank in an effort to salvage the pest and disease control technology producer.