Global University Venturing

Interface Polymers has secured funding as it prepares to shape its materials adhesive concept into a commercial product.

Ultrasound simulator developer Medaphor will pay up to $4.9m in shares to acquire University of Oxford spinout Intelligent Ultrasound.

The fund, which has already made its first investments, will offer between $50,000 and $200,000 to both spinouts and student startups.

Returning investor Tencent contributed to a round that upped the total raised by the online fresh produce retailer to over $400m

AbbVie Ventures is among the backers of a $30m series A round for Disarm Therapeutics, a biotechnology spinout from Washington University in St Louis.

The Engine has already made seven investments in a bid to commercialise technologies that require a longer-term view than most.

The commercialisation firm has secured support for a takeover from shareholders who hold 96.5% between them in its peer Touchstone Innovations.

Uqar spinout Ovensa has obtained $1.38m of additional funding from investors including commercialisation firm Aligo Innovation.

Intel and New Enterprise Associates have co-led a series A round for computer vision startup Matroid, based on research by Stanford professor Reza Zadeh.

Bill & Melinda Gates Foundation will invest up to $40m in the biological drug developer, which raised $320m in an Eli Lilly-backed round two years ago.