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

BenchSci, a Canada-based drug discovery analysis software developer spun out of University of Toronto, has attracted C$63m ($49.5m) in a series C round co-led by Inovia Capital and TCV, according to Betakit. Gradient Ventures, internet technology provider Google’s artificial intelligence fund, also took part in the round, as did financial services group Fidelity’s F-Prime Capital unit, Northleaf Capital Partners and Golden Ventures. Reimagine Care, a US-based provider of oncology services to support home-centred cancer care, has closed a $25m funding round backed by CU Healthcare Innovation Fund, a strategic vehicle affiliated with University of Colorado Anschutz Medical Campus, as well as medical college and cancer care provider City of Hope. The round was co-led by Santé Ventures, Martin Ventures and LRVHealth and additionally included medical devices distributor McKesson’s corporate venturing division, McKesson Ventures. Cytovation, a Norway-based cancer treatment spinout of Bergen University, has collected NOK180m ($20m) in a round led by venture capital firm Sandwater. The spinout will use the money to advance its lead asset through an ongoing phase 1/2 Cicilia trial. Cytovation previously obtained $2.2m in funding from angel investors in June 2017. SeqOne, a France-based genomic data analytics platform for cancer and rare diseases, has obtained €20m ($22.3m) in a series A round co-led by Omnes and Mérieux Equity Partners. Software Club, Elaia and Irdi Capital also took part. The round reportedly provided an exit for SATT AxLR, which had injected €600,000 to found the company in 2017. Mentor Collective, a US-based provider of mentoring programmes, has raised $21m in series A financing led by Resolve Growth Partners, with participation from Lumina Foundation. IU Philanthropic Venture Fund, a vehicle managed by Indiana University’s fund management arm IU Ventures, had contributed to a May 2021 round and a 2019 round. PQShield, a UK-based quantum computing technology spinout of University of Oxford, has pocketed $20m in a series A round backed by university venture fund Oxford Science Enterprises, according to TechCrunch. The round was led by Addition and also included Crane. Beijing Honest Technology, a China-based developer of industrial sorting and inspection technology, has raised $15m in a series A round backed by Tus Star and Cash Capital, respective vehicles of Tsinghua University and Chinese Academy of Sciences, DealStreetAsia reported on Friday. The round was led by Essence Securities. HQS Quantum Simulations, a Germany-based complex quantum simulations platform, has attracted more than €12m ($13.4m) in a funding round backed by UVC Partners, the venture capital arm of TU Munich’s…

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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).