The news roundup for the week ending 8 January 2016.
Diurnal successfully aims for flotation
Sheffield University spinout Diurnal began trading on Aim, on Christmas eve, raising $44.6m.
Dotdashpay shoots for top prize
Pejman Mar Ventures’ University of California, Berkeley competition awards $250,000 to Dotdashpay and creates two new prizes for Tinkering Labs and Thera.
Neural Analytics heads to $10m series A
Taiyu Capital, a corporate venturing unit of TigerMed, is among the investors in a round that increased the concussion response specialist’s total funding to $13m.
Novan spots investors for $30m
Novan, which is planning to move its acne drug candidate into phase 3 trials next year, raised $50m in a Malin Corporation-backed round in March.
Nokia joins WorkFusion investors for $14m series C
Nokia’s corporate venturing unit led a round that increased the workflow automation company’s total funding to more than $36m.
NYU Tandon Incubators ends the year with a survival rate of nearly 90% and with its graduates having had an economic impact of approximately $352m since its inception.
Tuneable laser spinout Chromacity secures $770,000 in funding to help it increase its development and commercialise its product.
Old meets new in Indian medicine
India starts looking at ways to apply modern scientific techniques to ancient medicine with a memorandum of understanding between Pondicherry University and Central Council for Research.
The Michigan Investment in New Technology Startups fund and Osage University Partners both return to invest in Psikick to support batteryless devices.
