Global University Venturing

Tsinghua-founded autonomous driving software company Idriverplus has secured Hopu-Arm Innovation Fund for its series C1 round.

UTokyoIPC-aligned venture unit AOI I secured SMBC and Mitsubishi UFJ for an initial close intended to aid the generation of quality spinouts.

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

University of Minnesota has invested in UBC spinout AbCellera's series B round that also included Eli Lilly.

Existing investor Novartis has committed to a $10m private placement alongside the IPO, in which the fibrosis therapy developer, based on UCSF research, is set to raise up to $96m.

Apple has bought Inductiv to integrate the latter's machine learning data cleanup expertise, based on Stanford, Wisconsin-Madison and Waterloo faculty innovations.

MIT's fusion energy spinout Commonwealth Fusion Systems secured the return of The Engine and Eni for a $84m series A2 round that followed a $115m series A last year.

University of Michigan has become the latest academic institution to strike a $130m fund partnership with Deerfield Management.

UPMC's ID Connect has absorbed Merck & Co's Ilúm Health Solutions to boost its client base and services offering.

Almi Väst's Sara Wallin has been selected to lead Chalmers Ventures and will take over from acting CEO Gunnar Fernström in December 2020.

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