Global University Venturing

Karlsruhe Institute of Technology spinout Kites has agreed to an acquisition of undisclosed size by Zoom Video Communications.

MIT spinout Infinite Cooling has raised $12.3m in a series A round led by Material Impact.

The venture firm’s second fund has secured a $20m commitment from the International Finance Corporation, bringing the vehicle to $250m.

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

CMU-founded language learning platform developer Duolingo was valued at $2.4bn as of its last funding round in November 2020.

Jon Soderstrom will step down as managing director of Yale University’s tech transfer office tomorrow after 25 years in the job.

The surgical technology developer was valued at $3bn in a series C round backed by returning investor Cambridge Innovation Capital.

The Stanford spinout has gone public following a $238m IPO, after revealing that the university was also among the series B investors.

Karolinska Development-backed Biosergen has begun trading on the Nasdaq First Growth Market, having already undertaken a $5.9m offering earlier this month.

Existing shareholder Suez Group has acquired Imperial College spinout Inflowmatix, providing exits to IP Group and Parkwalk Advisors.

Partly based on research at University of Washington, KenSci has agreed to an acquisition by Tegria for an undisclosed sum.