Previously backed by Stanford University, Origin has now raised a total of $12.3m to support its modular and interoperable approach to 3D printing.

Penn spinout Cabaletta Bio’s first funding round includes university investment and it will use the cash to develop T-cell drugs for autoimmune diseases including pemphigus vulgaris.

Unnamed university endowments have put funding into Material Impact’s inaugural vehicle, which will incubate materials businesses including spinouts in industries such as energy, transportation and healthcare.

Ayar Labs has raised $24m to commercialise its technology that enables data transmission using light, based on research at MIT and CU Boulder.

UChicago Innovation Fund has been renamed to George Shultz Innovation Fund following a $10m donation in honour of the former Chicago Booth dean and US secretary of state.

UCLA spinout Hypothermia Devices graduated from a university-based accelerator in February and is now commercialising body temperature management devices for the medical and athletics markets.

Idea Fund has provided seed capital for SciArt Software, a spinout of Wisconsin-Madison that has developed a weight reduction tool for engineering structures.

Acera Surgical, a spinout of Washington University in St Louis, has raised an initial $5.1m out of a targeted $10m.

Stanford-StartX Fund has exited business intelligence software provider DataFox in an acquisition of undisclosed size by Oracle.

IU Philanthropic Venture Fund has committed $500,000 to a $2.2m bridge round for Nerx Biosciences, based on research at Indiana University.