Utimco returned to reinvest in AgBiome, having previously backed a $34.5m series B round for the UNC spinout in 2015.

The cultured meat spinout of Maastricht University raised $8.7m to help scale the manufacturing of meat products grown from stem cells.

The Italian Space Agency has put its weight behind the $93m Astra Ventures that will invest in spinouts developing space technologies.

The MIT spinout has raised $19.4m from unnamed backers, and the plant-based ingredient developer will use the cash to expand its production capacity.

Leeds spinout Escubed has gone into administration having racked up payable debts worth $255,100 by the end of July 2017.

IST Cube has contributed to a seed round for Prewave, an artificial intelligence spinout from TU Wien that will use the money to boost sales and marketing activities.

The spinout will use a chemical processing machine invented at Flinders University to produce nanomaterials such as graphene and carbon nanotubes.

A total of 22 participants have each received $100,000 in funding as part of the UC Berkeley accelerator.