Global University Venturing

For many of the attendees at the Global Corporate Venturing and Innovation Summit 2021 held late last month in Monterey, California, the conference was their first in-real life (IRL) event since the pandemic effectively stopped them in the first quarter last year after the previous summit.

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

UC Investments-backed sports media company SpringHill was valued at $725m in a round that included the university and several corporates.

The warehouse robot developer’s latest round has pushed its total funding past the $200m mark since being founded out of Stanford in 2017.

Tsinghua University-linked data protection software developer’s latest round valued the company at $621m.

Bond trading platform developer Trumid raised its latest round, featuring Singapore Exchange, at a $2.4bn valuation. This is one of the latest examples of such multi-million dollar deals from the roaring fintech space.

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

Congruent Ventures has achieved an exit through the purchase of Blueprint Power by BP.

Johns Hopkins’ portfolio companies attracted more than $1.2bn in combined funding during the past fiscal year, setting a new record for the university.

University of Manchester’s Innovation Factory has celebrated its best financial year to date.