A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.
Autolus picks up UCL licence
The UCL spinout has secured an additional licence to a protein that aims to reduce side effects associated with its Car T immuno-oncological approach.
Iluminos will commercialise compounds with the potential to combat neurodegenerative diseases such as Alzheimer’s.
Crescendo composes $70m series B
Cambridge spinout Crescendo Biologics has secured $70m in an IP Group and EMBL Ventures-backed round.
NetEase Youdao passes first funding test
The online education services provider has raised an undisclosed amount of funding at a $1.1bn valuation, adding Mooc-CN to its shareholders.
Synthorx fortifies $63m series C
Synthorx’s artificial genetic DNA pairings are expected to support the administration of an immuno-oncology drug previously hindered by safety issues.
Proverum Medical implants $4.2m round
The Trinity College Dublin spinout is targeting a form of prostate gland enlargement with a device that could be installed in under 15 minutes.
A-Mansia metabolises $15.7m series A
The first series A tranche will help commercialise a remedy for metabolic disorders and inflammatory conditions resulting from cardio-metabolic problems.
M12, the corporate venture capital unit formerly known as Microsoft Ventures, has contributed to a $1m round for Hazy, a UCL spinout previously known as Anon AI.
Carlos Estrada has been named managing director of accelerator NMotion and will continue to be entrepreneur-in-residence at NUTech Ventures.
Jerusalem generates $130m biotech fund
The reputations of Hebrew University and Hadassah Medical Center are expected to attract private investors as limited partners.
Paragraf tightens grip on $4m seed round
Cambridge spinout Paragraf has been backed by the university’s commercialisation arm Cambridge Enterprise in its bid to deliver a commercial graphene production process.
Future Meat dishes up $2.2m seed round
Yissum, though its investment fund Agrinnovation, has contributed to a seed round for one of its portfolio companies, Future Meat Technologies.
Technion is among the investors for Regulus Cyber having also tutored one of the cybersecurity startup’s co-founders, Yoav Zangvil.
Colorado spinout Mita has been acquired for an undisclosed sum after developing an orthopaedic device that reduces complications during hip distraction.
NIS slips through to $12m of funding
Nanotech Industrial Solutions, which is exploiting research from Weizmann Institute of Science, received the funding in a round led by EcoMachines Ventures.
Soft Robotics picks corporates to raise $20m
Yamaha Motor, Honeywell Ventures, Tekfen Ventures, ABB Technology Ventures and Taylor Farms Ventures have all backed the robotics spinout of Harvard.
LSE helps Zinc mine $4m seed round
LSE’s investment complemented its leadership of a group featuring four other UK universities that will partner company builder Zinc to convert research into companies.
Dundee labels Platinum Informatics
Platinum Informatics has received two grants for its big data analytics software, which could find utility in segments including pharmaceuticals and healthcare.
