Sectors

Ohio State University has again thrown its weight behind Rev1 Ventures, whose latest fund also attracted University of Dayton and multiple corporates.

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

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

Keio spinout Heartseed has added $37m to its coffers thanks to the university's Innovation Initiative and UTokyo Innovation Platform.

BOE Technology and Will Semiconductor have chipped into a series C7 round for the multicorporate-backed AI computing chip producer valuing it at $5bn.

TUM spinout Celonis has grown to Germany’s first decacorn, three years after becoming the university’s first unicorn.

The Tencent, Naspers and BCC-backed educational course provider secured the funding at a $16.5bn valuation, adding to $1bn it raised in April.

The SoftBank, Tencent and Shougang-backed online car retailer boosted its valuation to $10bn in a round led by H Capital.