Global University Venturing

University of Cambridge's automated music production app developer Jukedeck has been picked up by internet technology firm Bytedance's TikTok.

Cambridge-founded touchscreen sensor manufacturer CTT has added $10m from investors including chemicals firm Kureha to its coffers.

Funding for Oxford spinouts jumped more than three-fold year-on-year in terms, while OUI generated four new spinouts on top of 118 disclosures and 19 patents.

Social network Facebook’s plans to launch the Libra blockchain and native cryptocurrency, its custodial wallet and subsidiary Calibra, programming language Move and its governing body the Libra Association based in Geneva, Switzerland, certainly took most of the attention this month.

Having invested a little over £100m ($134m) into its portfolio over the past two financial years, venture capital firm Arix Bioscience is building a considerable reputation for itself in the life sciences segment.

When an embattled venture capital investor’s plans have been derailed by budgetary constraints, the stage is set for another backer to step in with the capital to galvanise their portfolio businesses.

Global University Venturing's analysis of the second quarter of 2019 shows increased investment activity as the year progresses and record-breaking amounts generated through exits.

July issue editorial by Thierry Heles, editor, Global University Venturing

Main Sequence Ventures contributed to a $3.2m round that brought predictive crop management technology developer FluroSat's funding total to $8.6m.

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

CMU-founded road surface analytics technology creator RoadBotics has now raised at least $11.4m, having signed up Radical Ventures and Hyperplane VC to its series A.