Deals involving the Cambridge tech cluster for May reached a total of $243m, with more undisclosed, bringing the cumulative amount for both April and May to around $750m.
Cambridge University’s tech cluster deals had a combined value of $243m in May, with an additional $503m for April bringing the total value of deals for the past two months to around the $750m mark.
The strong dealflow was revealed in the May edition of the Cambridge Cluster Deals Digest, a monthly round-up of deals published by the tech cluster’s news provider Business Weekly (BW). BW also reported that the May estimate was a conservative one as many parties did not disclose the size of their deals.
The May deals include the sale of online banking security service Cronto to data security firm VASCO for $22m, and the close of a $29.1m funding round for medtech firm Horizon Discovery.
