A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.
LimeBike keeps series B wheels turning
The bike-sharing platform has boosted its StartX-backed series B by $70m, bringing the round’s total to $120m.
TactoTek structures $14.5m round
VTT spinout TactoTek has closed a $14.5m funding round that featured a range of strategic investors such as Plastic Omnium and Nanogate.
Lab150 connects to first project
Launched by Mars Innovation and Evotec last year, Lab150 has now selected the first project to receive funding.
Tomlinson departs Wake Forest
Tomlinson oversaw growing momentum at the Wake Forest Innovation Quarter and was instrumental in establishing the $15m Catalyst Fund.
Kinoxis is hooked on series A
University of Sydney has spun out Kinoxis, which will develop a treatment for substance abuse disorders, with $3.9m in series A funding from a consortium led by Uniseed.
Fitbit embraces Twine Health
MIT spinout Twine Health has agreed to an acquisition by Fitbit, joining the wearable manufacturer’s Health Solutions group.
WeTravel enjoys $2m seed voyage
WeTravel, a graduate of UC Berkeley’s SkyDeck accelerator, has been backed by The House Fund as it prepares to take its travel booking software overseas.
Oxford’s Brainomix scans Parkwalk investment
The brain imaging diagnostics software provider was backed in 2014 and 2016 by Parkwalk vehicles including the University of Oxford-backed Isis Fund.
Ditto AI resolves $5.6m round
Ditto has turned University of Leeds research into an automated advisor bot that gives plain-speaking technical guidance with a high degree of accountability.
Pilot navigates $1.2m investment
The laser technology developer secured the funding on the heels of a $410,000 ESA contract to develop subsystems for advanced communications satellites.
Sensorygen scents $50,000
Highlander Venture Fund has made its second investment, selecting Sensorygen as its latest portfolio company.
Liquid Wire solders together Onami investment
The Portland State spinout has raised an undisclosed sum to fund work on a conducive metal fluid that can make elastic materials electroactive.
Big deal: Lightmatter and Lightelligence signal rivalry
Lightmatter and Lightelligence both emerged out of MIT earlier this month and are exploiting research into photonic computer chips initially conducted jointly by the respective co-founders.
