Tallman Trask, the university's chief administrative and financial officer, told news provider Herald-Sun the only place that investments are made out of at Duke is DUMAC, the limited liability company that manages the university's $5.7bn endowment, and he'd be "astonished" if it came out of anywhere else.

US-based Duke University has joined a venture capital (VC) consortium investing $20m in Plum District, a deals website for mothers.

US-based Plum District’s series C round was led by VC firms General Catalyst Partners and Kleiner Perkins Caufield & Byers (KPCB) and Comcast Ventures, the corporate venturing unit of US cable company Comcast.

KCPB and General Catalyst were previously the investors for Plum District’s $8.5m series B round in January, while Plum District’s series A round raised $2.1m in July…

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