Cove Fund, a family of seed-stage venture capital funds that invests in companies affiliated with University of California (UC) System, has raised more than $12m for its second fund.
The figure represents a first close for Cove Fund II, with a regulatory filing indicating a $15m target size. Limited partners have not been named, though Cove’s business model relies heavily on private investors – such as entrepreneurs and executives – sourcing deals.
Cove Fund was launched in 2015 by UCI…
The University of Kentucky has formed an industry-university partnership to advance aspects such as sustainable agriculture in the whiskey distilling industry.
The £40m recently allocated by the UK government to proving university research is commercially viable shouldn't just benefit Oxford, Cambridge and London say sector pundits.
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