Global University Venturing

Q1 analysis: Venturing deals still concentrated in non-core areas, more exits reported in the first quarter, average deal size dropped slightly

UPMC Enterprises has co-led a seed round for the gene therapy developer.

Lumicks, which is developing single-molecule analysis technology based on research at Vrije Universiteit Amsterdam, has collected $93m.

University of Sheffield spinout Rinri Therapeutics has collected $13.9m from investors including Boehringer Ingelheim Venture Fund and UCB Ventures.

CO2 is the focus but limiting emissions is hard; capturing, using and storing offers opportunities; but critical under investment in innovation

Tectonic Therapeutic is the latest venture undertaken by Harvard’s serial entrepreneur Timothy Springer, who co-led the series A round.

TDK Ventures and XTX Ventures participated in a sizeable round raised by the advanced computing technology provider Groq at a unicorn valuation. The company is part of the larger artificial intelligence (AI) space, which has seen much and sustained interest by corporates in recent years.

Alchemab Therapeutics has raised $80m to advance research originating at University of Oxford, Johns Hopkins University and Mount Sinai Hospital.

MaC Venture Capital has raised its inaugural seed fund thanks to limited partners including University of Michigan and Howard University.

Ocado will provide $13.8m in a series B extension that follows a $47m close in January.