Global University Venturing

OUP has exited Algorithmia following its acquisition by DataRobot for an undisclosed sum.

Carnegie Mellon-linked Duolingo raised $521m in an upsized offering and saw its shares rise 36% on their first day.

PsiQuantum has become the first unicorn in Imec.xpand’s portfolio as it fetched a valuation of more than $3bn.

Cornell-linked dog DNA test developer Embark Veterinary raised the capital in a round led by SoftBank Vision Fund 2 at a $700m post-money valuation.

Imec.xpand has returned to back a series B round for sleep diagnostic developer Onera Health, spun out of Imec.

IP Group is among the investors backing the DDR cancer therapeutics developer’s latest round, which took its total funding to $320m.

Icahn School of Medicine spinout Sema4 has completed a reverse merger with CM Life Sciences to begin trading on the Nasdaq Global Select Market.

Tracker Capital Management has led a $42m series C round for Accion Systems, acquiring a majority stake in the MIT-linked company in the process.

University of Notre Dame has contributed to an $11.9m series B round for Notre Dame spinout Lucata.

SoftBank’s Vision Fund 2 has invested at a $2.7bn valuation, taking the Stanford-backed life insurance platform developer’s overall funding to over $400m.

NC State spinout Phononic has added $50m to its coffers thanks to a consortium led by Goldman Sachs.