A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.
Ascension, HTGF and KFW have participated in a series B round for the Max Delbrück Center for Molecular Medicine spinout.
Urjanet, a Georgia Institute of Technology spinout, has obtained $20m in series C funding led by Oak HC/FT.
Virginia Tech and Carilion launch $15m fund
The university has partnered healthcare provider Carilion Clinic to establish a $15m fund focused on the local area.
Breakthrough Energy Ventures hires two
Eric Toone, who previously led the Innovation and Entrepreneurship Initiative at Duke, and David Danielson, a precourt energy scholar at Stanford, have joined Breakthrough Energy Ventures.
Congenica grows up with $10m series B
Cambridge Innovation Capital has backed the series B round, alongside other investors that included Parkwalk Advisors.
Osage University Partners has taken part in a series B round for PMV Pharmaceuticals.
Actual Experience undergoes $21.7m placing
The analytics-as-a-service company backed by IP Group has raised $21.7m by placing 7.2 million shares.
Mercia is allocated Northern Powerhouse money
The commercialisation firm will manage a total of $135m in funding, allocated through the Northern Powerhouse Investment Fund.
A total of 20 businesses associated with Buffalo University and Erie Community College through the Start-Up NY initiative have generated 300 jobs and attracted $5m in funding.
Facebook has $170m Tip for startups
Facebook has partnered IP Group, Oxford Sciences Innovation and Touchstone Innovations, among others, to help guide investments in the telecoms infrastructure sector.
Arrakis emerges with $38m series A
Pfizer and Celgene, as well as Osage University Partners and others, have backed a $38m series A round to help launch Arrakis Therapeutics.
Deal net: 27 February – 3 March 2017
The Global University Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing university funds.
