Global University Venturing

Catering services marketplace Hungry has now raised $12.5m in total, having added university venture unit James Madison Innovations to its investment consortium.

The Oxford University genetic sequencing spinout is reportedly mulling an IPO that would provide exits to investors including commercialisation firm IP Group.

The industry-academia partnership will start out with collaborations in the healthcare, robotics and human resources spaces, including a sports science tie-up with a Rakuten-owned baseball team and plans for software development hackathons.

University of Michigan’s Mints vehicle joined existing investor Intel Capital for SOC producer Movellus’ series A round, which increased the company's overall funding to $10m.

Stanford-founded AI application platform developer SambaNova has raised $150m in a series B round led by Intel Capital that also featured existing investor GV.

NextGen Jane, which is looking to commercialise reproductive health technology partially developed at Harvard, has received $9m from investors including Harvard-affiliated backers.

University of Michigan critical care monitoring technology spinout Fifth Eye has collected series A funding from investors including the university's Mints fund.

The UTokyo IPC 1st Round accelerator is being supported by six corporates, providing 10 startups each year with the chance to receive up to $900,000 in funding.

The corporate-backed genome editing technology developer Precision BioSciences, which was spun out of Duke University, floated in the middle of its range and is now valued at more than $780m.

The fresh capital, anchored by University of Cambridge and its Endowment Fund, will enable patient capital-orientated vehicle Cambridge Innovation Capital to make new bets and sustain investments in its existing portfolio.

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.