Global University Venturing

AngelMD has put an undisclosed amount into Otomagnetics, a developer of a magnetic injection delivery system based on research at University of Maryland, College Park.

The bankrupt saltwater electrolyte battery developer had raised $190m in financing since it was spun out from Carnegie Mellon eight years ago, but was bought for less than $9.2m.

The Zell Lurie Founders Fund, the student-led investment vehicle of University of Michigan, has committed capital to brain-computer interface technology developer Neurable.

Following a rebranding exercise in February, Oxford University Innovation has now completed the spinning out of its consultancy arm Oxentia.

University of Missouri System is part of a public-private partnership, led by Ameren, that has created an accelerator aimed at energy technology startups.

IP Group has returned to back another funding round for Zeetta Networks, a software-defined networking technology developer based on research at University of Bristol.

GV and New Enterprise Associates have co-led a round for the quantum computing technology developer based on University of Maryland and Duke University research.

The institution has partnered a range of Danish corporates to conduct basic research and publish the results for anyone to use.

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

The language learning platform, spun out from Carnegie Mellon University, increased its total funding to $108m with a series E led by Drive Capital that valued it at $700m.