Health

Penn Medicine and Wharton Social Impact Initiative have launched an investment fund focused on the drivers of health equity.

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

Ally had raised $10m in seed funding from investors including UCB but disappointing animal studies led the company to be wound down.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.

The sleep improvement-themed firm’s first fund counts ResMed as an investor, while the latter’s SleepScore Labs subsidiary helps its portfolio companies with product development.

Emerging as a niche at the intersection between healthcare and technology, femtech has rapidly grown and gained momentum, becoming a powerful force set to disrupt the healthcare industry.

Genomics care provider Genome Medical closed a $60m round backed by several corporates while brokerage software producer Alpaca secured $50m.

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

Harvard and MIT-linked Neural Galaxy has picked up $77m in a series A round led by existing shareholder 3E Bioventures.

E14 Fund has contributed to a series A for Overjet, having previously backed the company’s seed round.

SoftBank doubled down on the wearable performance gadget developer in a round that gave it a $3.6bn valuation.