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 in 2020, before Quaise picked up $12m in funding in August 2021 from Nabors Industries.
Bugworks Research, a US-based anti-infectives and immuno-oncology therapeutics developer, secured $18m in a series B1 round featuring University of Tokyo Edge Capital (Utec), the venture capital arm of University of Tokyo, today. Lightrock India led the round, while office furniture and real estate conglomerate Featherlite Group India, Global Brain, 3ONE4Capital India, Acquipharma Holdings and…
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).
