A stunning three-month run for spinouts shows large sums flowing in and out of the innovation ecosystem.
There have been five investment rounds in university spinouts worth more than $500m in the past 18 months – three of these occurred this year and two of them in the first quarter. It partially explains the $8.73bn raised in January, February and March – significantly more than the $7.23bn raised over the last five months of 2020.
Databricks, a US-based data analytics software producer based on research at University of California, Berkeley, accounted for a whopping $1bn of the…
