Global University Venturing

Mercia Asset Management has lost its investment director and university lead Nicola Broughton to a new $171m fund targeting the medical cannabis industry.

Existing backer GV returned to take part in a $100m round for the Stanford spinout that also attracted new investor Regeneron Pharmaceuticals.

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

Varian Medical Systems and Johnson & Johnson Innovation – JJDC have returned for the series C-1 round having backed the U-M spinout's series C last year.

Christophe Haunold has departed Institut national polytechnique de Toulouse to head up a new tech transfer office launched by University of Luxembourg.

Eli Lilly will collaborate on five drug candidates based on the Oxford and Karolinska Institute spinout's exosome delivery technology.

RWS Holdings had bought language translation software developer Iconic Translation Machines, founded on DCU's research into translating patents.

McMaster University spinout Fusion Pharmaceuticals has filed for a $100m IPO in the US, putting shareholders such as Facit in line for exits.

Cash Capital has celebrated an exit as UCloudlink raised $36.2m in its offering, after pricing its shares at the bottom of the range and issuing less stock than originally planned.

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

Four regional tech transfer offices in France's Satt network have been awarded additional government funding.