Catch up with the week's news.
Been out of office and need to catch up with university innovation news? Check our roundup for what you might have missed.
Rohm plugs in Powervation for $70m
Limerick spinout Powervation, which raised $37m from investors including Intel Capital and Semtech, has been acquired by Rohm.
Texas gets behind Everstone’s $700m
Texas University’s endowment fund has been named as one of the backers in Everstone Capital’s third fund, worth $700m.
IP Group seeps £70m into Nanopore
Oxford’s Nanopore has announced a £70m ($110m) venture round backed by IP Group.
Acadine attracts $100m from Tsinghua
Tsinghua Unigroup has backed mobile operating system developer Acadine with $100m.
Glucosense takes blood out of diabetes
Leeds spinout Glucosense has teamed with NetScientific to commercialise a blood-free test for glucose levels.
Protagonist enters third act with $40m
Queensland’s Protagonist has raised $40m in a series C round designed to bring its gastrointestinal therapeutic to human trials.
Aveva powers towards Schneider Electric
Cambridge spinout Aveva has received £550m ($850m) from Schneider Electric as the firm takes a 53.5% stake.
Avacta affirms £22m investment
Avacta Group, a Leeds spinout developing an alternative to antibodies, has raised £22m ($34m).
Purdue goes from strength to strength
Purdue University has reported a second consecutive record-breaking year for commercialisation activities.
Zimplistic cooks up $11.5m series B
Robert Bosch has joined existing investor NIS Ventures in funding Zimplistic, developer of an automatic roti-making machine.
DataFox shows cunning in $5m series A
Natural language processing startup DataFox has raised $5m in a series A round backed by Stanford-Start X fund.
Bright investment by Stanford-StartX
Stanford-StartX is in an investment consortium backing healthcare SaaS Bright.md.
Oxford’s private equity exposure doubles
Oxford’s £1.7bn ($2.6bn) endowment fund is increasing exposure to private equity to 18% over a three-year period.
Shot Scope hits hole in one with OCC
Edinburgh’s venture capital arm Old College Capital is among backers for golf technology startup Shot Scope’s £415,000 ($643,000) round.
Newark Venture Partners, an accelerator and $50m venture fund, has come to New Jersey with its sights on Rutgers.
Stanford spinout SiteOne has attracted a seven-figure investment from venture firm Next Frontier Capital to develop non-opioid pain relief.
Saphlux lights up on YEI backing
Yale spinout Saphlux has secured $200,000 for LED technology in a seed round backed by Yale’s Innovation Fund.
Catch up with all of the past week’s GUV news.
