Global University Venturing

IN8Bio, a University of Alabama spinout and cancer immunotherapy developer, has pulled in $40m through its IPO.

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

University of Toronto-linked Deep Genomics has picked up $180m in its series C round led by SoftBank Vision Fund 2.

University of Minnesota spinout Niron Magnetics has collected $21.3m in funding to build a pilot production facility for its rare earth-free magnets.

Co-founded by Stanford researchers, IgGenix is working on therapies that address severe allergies.

The commercialisation firm’s US operation confirmed it raised $58.6m during the first half of the year, although it had already disclosed $50m of this previously.

Based on research originally conducted at MIT, Tepha has been purchased by BD for an undisclosed sum.

The European Investment Fund has partnered two banks to launch an investment platform that aims to support the creation of 100 spinouts.

TU Munich spinout Isar Aerospace has added $75m to its series B round, bringing the round’s total to nearly $166m and its overall financing to more than $183m.

UPMC Enterprises has contributed to a $117m series B round for gene therapy developer Ring Therapeutics.