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…
