Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Panaceutics Nutrition, a US-based personalised nutrition product supplier, has obtained the initial part of a more than $5m funding round backed by Virginia Tech Carilion Innovation Fund, a partnership of Virginia Tech and healthcare provider Carilion Clinic. The tranche was led by DSM Venturing – the early-stage investment arm of life sciences firm DSM – with contributions from Venture Capital Multiplier Fund, Launch Place and Gap Funds, a vehicle for nonprofit commericalisation hub Center for Innovative Technology. The funding…