Cuberg has developed more efficient battery cells that are used by clients such as Boeing, whose corporate venturing arm is a shareholder in the Stanford spinout.

Ohio State University’s insurtech developer Mobikit has been bought by Azuga for an undisclosed amount.

Duke University's contactless security system developer agrees to list through a reverse takeover, providing an exit to OUP.

Hyundai, Kia and GV are contributing to a $350 PIPE in support of a reverse merger that will value the Maryland and Duke-linked company at $2bn.

OneTrust has acquired DocuVision, providing exits to investors including Berkeley SkyDeck Fund and Oxford Seed Fund.

DSI Underground has acquired Edvirt, a virtual reality-based training services provider backed by Chalmers Ventures.

University of Cologne’s virtual power plant operator Next Kraftwerke has agreed to an acquisition of undisclosed size by Shell.

University of Alberta spinout Tevosol has been picked up by Bridge to Life but will maintain its base in Edmonton.

Stanford-StartX Fund-backed Nearpod has agreed to an acquisition by Renaissance Holding.

Centessa has been formed as a biotech conglomerate with $250m in funding following a ten-way merger, including multiple spinouts.