A report estimates USF’s innovation ecosystem contributes $582m to the state economy each year and sustains some 4,000 public and private-sector jobs.

IP Group supplied less funding to its portfolio companies but witnessed a three-fold increase in cash realisations during the first half of 2019.

Cash Capital has contributed to a a series C round for medical supplies provider GKHT, established as an affiliate of the Chinese Academy of Sciences-owned Osic Holding Group.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Harvard spinout Platelet BioGenesis has added $26m in series A1 financing to its coffers thanks to a consortium co-led by Ziff Capital Partners and Qiming Venture Partners USA.

Spinouts such as Oxford’s Moa Technology and Cambridge’s Paragraf were a focal point for Parkwalk Advisors’ largest EIS-assisted venture fund during the 2018-19 tax year.

Chinese Academy of Sciences’ Investment Management unit put up a share of the proceeds for health insurance data analytics company Leyue Health’s series B round.

Vensana has raised $225m for its first fund from LPs including university endowments and foundations as well as academic health centres.

University of California has generated steady returns from its venture capital allocation but expects this to decline in years ahead.

The multi-institution commercialisation unit has a new name to underscore its commitment to building companies on the back of its members’ research.