The news roundup for the week ending 29 April 2016.
Big deal: Australia unveils $772m in spinout funding
We take a look at how Australia has been upping its government venturing game since Malcolm Turnbull took over as prime minister last year.
PrecisionHawk swoops in for $18m
Innovate Indiana Fund, the seed investment vehicle of Indiana University, has contributed to a series C round that boosted the drone software developer’s total funding to $30m.
Probiotic drink company Perkii is commercialising a microgel-based system that enables the delivery of live probiotics to the lower gut.
Yup obtains capital from StartX Fund and existing investors as the tutoring platform renames itself from Mathcrunch and adds chemistry and physics to its offering.
UCD spinout Oxymem has created technology to reduce the energy consumption of wastewater treatment by 75%.
Yale clarifies its reported 92.7% venture return figure published earlier this month, stressing that “obviously we are not able to reinvest our venture capital cash flows at a 92.7% return.”
Nexthink considers $40m series E
EPFL spinout Nexthink, which uses artificial intelligence to monitor and analyse network traffic and is backed by Mannai Corporation, raises $40m to drive international expansion.
Australia aims for higher OECD ranking
Queensland, Sydney, RMIT, South Australia and Curtin universities agree to a standardised approach to IP to increase the country’s current OECD ranking.
Education sharing platform Edcast raises $16m from a consortium including Stanford’s StartX Fund.
