Sectors

Progressive Insurance has invested in Varo Money as the latter prepares to become the first digital bank to be awarded a national bank charter.

University of Chicago returned to contribute to a series B round for smart oven provider Tovala.

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

Novartis bought $10m in shares as the fibrosis treatment developer floated at the top of its range in an expanded initial public offering.

Circulating tumour DNA blood test developer Base Genomics has raised $11m to progress research out of University of Oxford.

OSI returned to back its inaugural investment Oxford Flow, which develops actuated pressure valves for industrial pipelines including oil and gas.

Geely's new energy vehicle rental service has pulled in $96.7m in series A funding from investors including Ningbo Yincheng Group.

Sumitomo Corporation Europe and existing investor Tekfen Ventures helped provide $28.5m for the gene-edited crop developer's latest round.

NodThera, a developer of treatments for conditions caused by chronic inflammation, has completed a Novo Ventures-led round that also featured Sanofi Ventures.

Cortex, a developer of big data-powered marketing tools, raised $22.3m in a round led by SoftBank's Latin America fund.

Comcast Ventures and Rich Products Ventures contributed to a series B round for smart oven provider Tovala, whose earlier backers include Gree and Tyson Ventures.