Industrial

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

UNC Chapel Hill’s agricultural technology developer AgBiome has increased its overall funding to $230m following the series D round.

Fibonacci VC’s second fund is double the size of its debut vehicle, thanks to commitments from LPs including Xiamen C&D and China-Singapore Suzhou Industrial Park Development Group.

Monsanto, Bayer, Novozymes and Syngenta-backed agricultural technology developer AgBiome increased its overall funding to $230m in the round.

RBVC has re-upped its commitment to the construction data platform developer having also backed its series A and seed rounds in the past two years.

Samsung-backed automation software developer Rezilion secured $30m while IGC Hospitality took part in restaurant management technology provider MarginEdge's $18m series B round.

BP Ventures topped up its commitment into the feed producer by leading a series D-1 round that also featured Adisseo.

Kyudenko provided an undisclosed sum for the Itochu, Toyoshima, Taiyo Kogyo and NTT Docomo-backed clothes and plastics recycling technology developer.

UPS is buying delivery service Roadie having helped it raise $62m while heart disease treatment developer Nectero Medical secured $19.5m in a Boston Scientific-led round.

Toray Engineering has returned to back a $27.3m round for the surgical robot developer, investing alongside Dai-ichi Life and Medipal Innovation.

PayPal is to purchase its portfolio company Paidy, a consumer finance service provider. Paidy is part of the wider payment tech space, which has seen an increasing number of exits since last year.