Global University Venturing

Dundee spinout Kinetic Discovery has been picked up by its peer Exscientia in a deal consolidating the equity of Frontier IP, which held stakes in both drug discovery companies.

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

The number of flotations of companies that have previously received corporate backing has been growing over the past couple years. More interestingly, it has been companies from the life sciences sector that beat other sectors in going public.

Cambridge Enterprise has contributed to a $1.9m funding round for its spinout Echion Technologies.

M Ventures led a series A round for UNC's RNA therapy spinout, while Amgen, Illumina, AbbVie and Mitsubishi Tanabe Pharma also took part.

Vrije Universiteit Brussel’s Camel-IDS collected funding from investors including Novo for a radiation-based oncology platform that will initially target Her2-positive brain metastatic breast cancer.

University of Louisville Foundation alleges its spinout pharmacogenetics spinout PGxL was unable to repay a loan it had guaranteed after the business fell into bankruptcy.

OSI is among the investors in drone developer Animal Dynamics’ latest round, which will help it develop products based on aerodynamics from the animal kingdom.

Tokyo telemedicine spinout Miup has been backed by Beyond Next Ventures in its bid to build an AI-powered healthcare ecosystem in Bangladesh.

Online higher education platform Unicaf has raised series B funding from a consortium also including Goldman Sachs, EdX and CDC Group as it gears up to target more students.

The cybersecurity commercialisation firm hopes to raise $2.9m through an Aim placement and will use the funding for product development, working capital, sales and marketing.