The Earlybird Uni-X Fund will support early-stage spinouts originating from European institutions such as RWTH Aachen and Imperial College London.

University of Tokyo will invest an initial $89m in the fund, which will also seek external limited partners.

The European Investment Fund will provide half the capital for the $59m i&i Biotech Fund I, which will operate out of the Czech Republic.

Originally known as Oxford Sciences Innovation, the investment company set up by University of Oxford has undertaken a rebranding exercise.

The investment manager has become a limited partner in CSIRO-founded Main Sequence Ventures, which announced its $194m Fund 2 in April this year.

Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

The MSU Foundation-run Pre-Seed III Fund has secured an additional $6.5m from MEDC, more than a year after the vehicle was formed with $3m.

The commercialisation firm’s US operation confirmed it raised $58.6m during the first half of the year, although it had already disclosed $50m of this previously.

The European Investment Fund has partnered two banks to launch an investment platform that aims to support the creation of 100 spinouts.