Global University Venturing

University of the Balearic Islands spinout Sanifit has raised $62.8m in a series D round backed by existing backer Lundbeckfonden Ventures to bring its overall financing to $149m.

Just over a year after securing an initial $50m tranche backed by Eni, MIT’s Commonwealth Fusion Systems has closed its series A round with $115m in capital.

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

Frontier Medicines, based on UC Berkeley research, has launched with $67m in series A funding co-led by Deerfield Management, MPM Capital and Droia Oncology Ventures.

CureFit had held discussions with SoftBank Vision Fund over a $200m investment, but Unilever Ventures has instead stepped up as part of a $120m round.

Concordia University-allied deep learning tool developer Wrnch has secured strategic investment from Nikon.

Backed by Congruent Ventures and corporates National Grid Partners, Evergy and Avista, Omnidian offers protection and maintenance for residential solar panels.

Enduvo, a virtual training middleware developer exploiting University of Illinois research, has secured seed funding.

Stanford-founded autonomous driving spinout Drive.ai has been swept up by Apple, which will look to reinforce its self-driving unit with the company's assets and employees.

Having initially targeted $115m in proceeds, the genome sequencing spinout of Stanford has closed its offering at $140m after a full exercise of the overallotment option.

Booster, a fuel delivery service backed by Stanford-StartX Fund, has collected $56m in series C funding from investors including Enterprise Holdings and Total.