Global University Venturing

Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

Ventura Capital has led the round for the Imperial College London-founded rapid covid-19 test kit maker, which will use the funding to expand internationally.

François Hédé has taken over as president of Linksium, succeeding Gilles Talbotier who had led the tech transfer organisation for six years.

A host of institutions have joined NSF’s five regional educational programmes called I-Corps Hubs, which will each receive $3m per year until 2026.

UC Investments and the House Fund have invested in the data analytics software producer, which has been valued at $38bn in its series H round.

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

The Ethereum scaling technology developer raised two rounds this year, having spun out of Princeton in 2018.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.

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

Harvard and MIT-linked Neural Galaxy has picked up $77m in a series A round led by existing shareholder 3E Bioventures.

E14 Fund has contributed to a series A for Overjet, having previously backed the company’s seed round.