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News round up 9 April 2018

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


Apr 9, 2018

Analysis: Alisports strikes $190m and an acquisition

Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.

Apr 6, 2018

Macrolide slides into $20m series B

Novartis, Roche and GlaxoSmithKline all returned for the series B round, having already supported a $22m series A round for the Harvard spinout in 2015.

Apr 6, 2018

Red Balloon Security takes off with series A

The $21.9m in funding will enable Red Balloon Security, based on research at Columbia University, to increase its business operations.

Apr 6, 2018

Nawec jets to $1.5m

The UMCP jet propulsion spinout has become the third company to secure the backing of University System of Maryland's Momentum Fund.

Apr 5, 2018

Reflexion contemplates $100m series C

Reflexion Medical, partially based on research at UChicago, secured the Rise Fund as lead investor, with Pfizer and Johnson & Johnson returning.

Apr 5, 2018

Clifton tilts over to Drayson

David Clifton will deploy his healthcare expertise in big data and machine learning as Drayson solidifies its Oxford digital health connections.

Apr 5, 2018

UCB defines Element Genomics acquisition

Duke spinout Element could generate as much as $30m from the sale, which will enable UCB to boost its research capabilities.

Apr 5, 2018
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