Global University Venturing

The pharmaceutical firm will pay $425m up-front for University of Michigan and Ohio State University-founded OncoImmune after the latter pivoted its research pipeline to target severe cases of covid-19.

Tony Raven, CEO of Cambridge Enterprise and a GUV Lifetime Achievement awardee, will step down by the end of next year.

The Engine-backed $38m series B round took the quantum computing software developer's total funding past $64m since being spun out of Harvard in 2017.

CMU-founded language learning platform developer Duolingo has now raised $183m altogether and has increased its valuation 60% to $2.4bn.

Prof Leah Cowen will be University of Toronto’s first associate vice-president for research, building on expertise that includes being a co-founder of spinout Bright Angel Therapeutics.

The Engine has appointed Lara Metcalf as CFO and COO, a month after raising a $230m second fund backed by MIT and Harvard.

UC Berkeley-founded emissions measurement provider Aclima has raised cash in a round that included Splunk, RBVC and Microsoft Climate Innovation Fund.

Harvard University’s Wyss Institute has partnered Northpond Labs to create a research and innovation alliance equipped with $12m in funding.

The property developer has backed Chinese Academy of Medical Sciences spinout Juventas to help advance its clinical-stage oncology cell therapy candidates.

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

MPM Capital and Qiming Venture Partners USA have co-led a series A round for Umoja Biopharma, based on research at Purdue University and Seattle Children’s Research Institute.