Industrial

Following on from successes, such as eLong in China, and Expedia's former CEO Dara has a storied track record in using tools to keep its global edge.

The underwater drone developer, a spinout of University of Tsukuba, raised the funding in a Beyond Next Ventures-led round that included several corporates.

Amazon Alexa Fund has exited Dragon Innovation through an acquisition of undisclosed size by design and supply chain services firm Avnet.

Smart commercial lighting developer Digital Lumens, which has raised about $60m from investors including Nokia, is reportedly set to be bought for a mid-sized eight-digit sum.

Robotic arm developer Tianjin YangTian Technology raised the money in a pre-series A round led by strategic investor Lenovo Capital and Incubator Group.

University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.

Vision Fund's $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.

Hong Kong X Technology Fund was established to support participants in an accelerator co-founded by professors from HKUST and University of Hong Kong.

It is, as these deals in the past week show, a remarkable time in sports and content as the change in distribution routes also affects the $40bn advertising industry.