Global University Venturing

Deerfield Management has added Empire Discovery Institute to its ever-growing roster of partners for its drug discovery engine.

Max Planck spinout The Captury has been acquired by Dari Motion for an undisclosed amount.

University of Auckland’s Rain Therapeutics has priced shares at $17 each to raise $125m in its initial public offering.

University of Maryland’s Quantum Startup Foundry has been established with a $25m investment to support the development of quantum technologies.

Duke spinout Istari Oncology has collected $43.5m out of a targeted $70m for its latest round.

Stanford Law School has participated in early funding for Medchart, split across seed and series A rounds.

The venture capital firm specialises in backing spinouts and has already celebrated an exit with the flotation of Amsterdam UMC’s Lava Therapeutics.

Leaps by Bayer has led the seed round for Edifice Health, which spun out of Stanford University and also attracted Ahren Innovation Capital.

The University of Tokyo-backed carveout fund’s latest limited partners include corporates Daikin, Hakuhodo and Mitsubishi Estate.

First reported late last year, Sense Biodetection has confirmed a $50m series B round backed by Cambridge Innovation Capital.