The angel investment firm, which focuses on University of Oxford-linked businesses, has raised an undisclosed amount towards the $5m target for its second fund.

HBCU Seed will invest in eligible startups from US historically black colleges and universities at a time of heightened tension over racial inequalities.

MIT has put $35m into The Engine's second fund – up from its $25m commitment to the first fund – and has been joined by Harvard as a new LP.

University of Buffalo's Innovation Hub has joined forces with a state government initiative to invest $10m in early-stage technologies.

TUM-affiliated UVC Partners has raised a third fund from limited partners including Lanxess to invest in industrial technologies, business-to-business software and mobility.

The federal development board for Southern Ontario has injected $5m to accelerate the growth potential of TIAP's early-stage health sciences portfolio.

Claudia Pingue, former Politecnico di Milano tech transfer manager, has taken on a leadership role at CDP's $177m spinout investment fund.

University endowment-backed Will Ventures aims to unlock sports-related innovation across markets such as fitness, media and gaming.

University endowments have backed a dollar-denominated venture capital fund from M31 Capital, whose earlier investments include Grail.

Shanghai Jiao Tong University is among the limited partners in a $73m fund raised by Qiming spinoff Inspiration Capital.