Sectors

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

Leyaoyao raised a nine-digit yuan amount from investors including 37 Interactive Entertainment while Lockheed Martin and Booz Allen Hamilton contributed to AI developer Latent AI's series A round.

Stanford spinout Snorkel AI has now raised $135m overall and pushed its valuation to $1bn, thanks to commitments from investors like GV.

E14 Fund is an existing backer of Elroy Air, although it did not return for the $40m series A round.

UPMC Enterprises has participated in a $20m series A round for healthcare data management company Smile CDR.

Q&A with Angela Wang, vice-president, Ping An Global Voyager Fund

The diversified e-commerce platform was valued at $16.5bn in a round co-led by SoftBank Vision Fund 2, following $350m from Alibaba in March.

Evonik has bought one of its existing portfolio companies, Friedrich Schiller University Jena spinout JeNaCell, for an undisclosed sum.

Imec.xpand has returned for a $16m series B round that will allow Spectricity to accelerate the development of its sensors and imagers.

Lilly Asia Ventures was among the participants in a series C round closed by the Ant Group and China Re-backed healthcare payment platform operator.

JPMorgan Chase, BMO, Manulife and Barclays helped the accounting software developer raise series E equity and ebt financing at a valuation abobve $1bn.