Global University Venturing

US-based grocery delivery service Instacart, which has been backed by multiple corporates previously, raised $200m in a series E round.

University of Sydney has spun out Kinoxis, which will develop a treatment for substance abuse disorders, with $3.9m in series A funding from a consortium led by Uniseed.

Tomlinson oversaw growing momentum at the Wake Forest Innovation Quarter and was instrumental in establishing the $15m Catalyst Fund.

WeTravel, a graduate of UC Berkeley's SkyDeck accelerator, has been backed by The House Fund as it prepares to take its travel booking software overseas.

The laser technology developer secured the funding on the heels of a $410,000 ESA contract to develop subsystems for advanced communications satellites.

Ditto has turned University of Leeds research into an automated advisor bot that gives plain-speaking technical guidance with a high degree of accountability.

Lightmatter and Lightelligence both emerged out of MIT earlier this month and are exploiting research into photonic computer chips initially conducted jointly by the respective co-founders.