The news roundup for the week ending 28 October 2016.
Big deal: iRhythm clocks in $107m IPO
Stanford University spinout iRhythm, which had raised a total of $115.5m in equity and debt, has gone public in a $107m initial public offering.
Big deal: MIT revs $150m Engine
Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.
Emulate expands series B to $45m
The Harvard spinout has increased a round already backed by Cedars-Sinai and LabCorp from $28m to $45m following an extension provided by unnamed new investors.
South Florida University has broken its own record for licence and option agreements, increasing them by 12% to 133.
Verdigris re-energises Jabil-led series A round
Stanford StartX was among the investors that added $6.7m to the $9m in series A funding closed by smart building technology provider Verdigris in December.
Precision Biospy re-examines series A
Woodford Investment Management, which led an initial series A close of $33.6m for the Colorado spinout a year ago, has returned to provide a $5m extension.
UC Riverside to steer Epic hub
University of California, Riverside is set to open an incubator today dubbed Epic as it gears up to raise a VC fund to provide seed capital.
Clarifai spells out $30m series B
Osage University Partners and a host of other existing shareholders returned to back a $30m series B round for New York University spinout Clarifai.
The seed accelerator has been backed by the government and academia and is aiming to support between 30 and 60 startups per year.
Flexera muscles in on Palamida
Stanford has exited open source software-focused cybersecurity company Palamida, which had raised $18.5m in funding, in an acquisition by Flexera Software.
Deal net: 24 – 28 October 2016
The Global University Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
