Stanford-StartX Fund is among medical device developer Madorra’s backers, along with Fogarty Institute of Innovation and OneVentures Healthcare.

The Parkwalk-managed University of Bristol Enterprise Fund has joined parent IP Group to become an investor in macular degeneration-focused spinout Exonate.

Organic snack producer SMPL has been backed by Zell Founders Fund, a VC vehicle run by University of Michigan students.

University of Central Lancashire spinout Alusid has raised capital from Frontier IP to help fund a new factory for its building material made from recycled glass and porcelain.

Oxford VR is developing VR mental health applications with the help of funding from investors including the university and its OSI venture fund.

Medical imaging company iThera spun out of Helmholtz Zentrum München in 2010 and has now been backed by lighting products maker Osram.

Luxembourg car insurance telematics spinout Motion-S has secured the backing of automobile and cycle trade body Febiac as it prepares to expand into other mobility segments.

Small satellite propulsion technology developer Exotrail has been backed by Satt Paris-Saclay as it prepares for a 2019-2020 market launch.

Suono Bio is based on MIT research and is aiming to use low-frequency ultrasound to bring therapeutic compounds to target cells with greater efficiency.

Logistics data analytics platform Locix has emerged from stealth with $20m in funding provided by investors including University of Tokyo Edge Capital.