Sectors

University of Utah's biotech incubator has admitted its first three residents taking aim at cancer, liver fibrosis and eosinophil-related diseases.

MassMutual, Axa, Wanxiang, Principal Life, Aflac, Wells Fargo and Transamerica are all set to exit the insurance automation platform developer.

Canapi Ventures led a $75m series F round for Salesforce Ventures-backed Blend, valuing the digital lending platform at almost $1.7bn.

Honeywell, Cisco Investments and Saudi Aramco Energy Ventures contributed to a round that pushed the workflow management system developer's total funding to $133m.

SBI co-led a $45.5m round for the mortgage services provider that hiked its overall funding to more than $78m as it looks to broaden its product range.

The SonicWall-backed cybersecurity software provider boosted its overall funding to $65m in a round led by Insight Partners.

Wouter Meuleman, part of the founding team at Illumina's corporate venture capital unit, has moved up a notch from principal.

Amdocs has paid an undisclosed amount for the telecommunications software producer, which had raised at least $55m from investors including Nippon Steel.

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

Seven Bank has invested $10.6m in the Adways and Freakout Holdings-backed prepaid debit card provider to push its overall funding to almost $42m.

Cofco and several banks will get the chance to exit Ping An's online lending spinoff, which is targeting $3bn in a US initial public offering.