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

Quaise Energy, a US-based geothermal energy spinout of Massachusetts Institute of Technology (MIT), closed a $40m series A round yesterday featuring MIT-backed venture fund The Engine. Safar Partners led the round, which also attracted oil and gas land drilling company Nabors Industries’ Energy Transition Ventures, Prelude Ventures, Fine Structure Ventures, Collaborative Fund, and undisclosed others. Arunas Chesonis and Mark Cupta have joined Quaise’s board of directors on behalf of Safar Partners. The Engine previously led a $6m seed round

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).