Caixa Capital Risc, Spanish bank La Caixa’s venture capital division, has continued its investment rate by backing two university spin outs.

News provider Real Deals said Caixa had backed Spanish life sciences businesses Sagetis Biotech and Chronobiotech from the Instituto Químico de Sarriá and the Universidad de Murcia, respectively.

Also this month, Groupalia, a Spain-based online collective buying website, raised €5m ($7m) from a consortium including local bank La Caixa.

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