RXQ Compounding, backed by Ohio Innovation Fund, has added $3.6m in series A funding from Advantage Capital to its coffers.

Queensland crop breeding spinout Nexgen Plants has been backed by multi-university venture fund Uniseed, Business Development Fund and Yuuwa Capital.

VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.

Enterprise data management platform Instaclustr has collected $15m in funding after raising $6.9m from investors including Australian National University’s ANU Connect Ventures.

OSI has backed digital wellness technology company BioBeats, which was founded by University of Surrey faculty and counts multiple corporates among its shareholders.

IU spinout Care Revolution has been backed by the university's Philanthropic Venture Fund after previously raising funds in 2016.

James Cook University has formed its first spinout, Paragen Bio, which will commercialise autoimmune disease therapies derived from a blood-sucking tropical parasite.

ICL spinout Cagen raised an undisclosed sum from Imperial Innovations and UKI2S to commercialise protein nanocages for shielding therapeutic payloads.

Blood sampling technology developer Essenlix was co-founded by Stephen Chou, a professor of electrical engineering at Princeton University.

Rail data analytics technology developer Perpetuum has added Rail Supply Growth Fund to a group of shareholders that already includes IP Group and Parkwalk Advisors.