A roundup of all the latest news on www.globaluniversityventuring.com for our subscribers.
MSU branches out with $5m Red Cedar fund
Red Cedar Ventures, launched by MSU Foundation, is set to provide both gap and growth capital to businesses affiliated with Michigan State University.
AnalyticsMD prescribes $13m series A round
Stanford University-funded accelerator StartX was an investor in the round, which was co-led by Mayfield and Norwest Venture Partners.
Dalhousie to launch engineering accelerator in 2018
Dalhousie is partnering academic institutions Acadia and NSCAD to launch IdeaHub incubator with the support of a $7m investment from energy provider Emera.
Investors transplant $48.5m into Magenta series A
Biotechnology developer Magenta Therapeutics, which exploits Harvard research, has launched with series A funding provided by investors including Alphabet.
Big deal: RCIF and TUS anchor $100m fund
The Russia-China Investment Fund, backed by Russia and China’s respective sovereign wealth funds, and Tsinghua University’s TUS Holdings have partnered to launch a $100m fund.
Cambridge seeds a record $6.6m in startups
Cambridge Enterprise, the university’s tech transfer office, invested 39.5% more in seed financing this year, and added three members to its team.
Redbud Capital, the VC unit of Tsinghua University’s investment arm Tsinghua Holdings, is partnering state-owned Sasac and Zhejiang China Commodities City Group to launch the fund.
