The news roundup for the week ending 13 May 2016.
Big deal: Nexeon recharges with $43m
Nexeon, the Imperial College London spinout that develops rechargeable lithium ion batteries, has now secured in excess of $120m.
Adidas and Qualcomm’s corporate venturing units both contributed to a series C round that will fund sales and marketing for 360fly’s immersive 360-degree video cameras.
Conversa Health stays fit with more seed capital
Student-led investment fund Social Venture Fund invests in a second seed round for medical software-as-a-service firm Conversa Health.
AgTech Accelerator reaps $11.5m
The startup accelerator has partnered with a host of US universities to source opportunities as it launches with $11.5m in initial funding.
1366 heats up with $10m Hanwha investment
Solar wafer producer 1366 Technologies has received $10m from Hanwha Investment Corporation to support construction of its first commercial factory.
CeCe Cheng moves in with Andela
CeCe Cheng, who previously ran the Dorm Room Fund, takes on the role of director of strategic partnerships for African technology talent platform Andela.
Massachusetts Institute of Technology launches a $5bn fundraising effort to accelerate long-term research and attract more VCs to its spinouts.
Arpa-E expands Onboard Dynamics funding
Arpa-E, the US government advanced energy research project, reinvests in compressed gas refuelling technology spinout Onboard Dynamics, contributing to $3m round.
Germany helps Bentekk breathe easy
High-Tech Gründerfonds and Innovationsstarter Fonds Hamburg back spinout Bentekk as it plans to increase sales of its handheld toxic gas detector.
