The firm announced its second fund the same day as one of its portfolio companies, University of Wyoming-backed Momentus, successfully listed on Nasdaq.

An undisclosed US university endowment has helped the consumer-focused venture firm hit a $118m final close for its second fund, surpassing its $100m target in the process.

The firm, which specialises in commercialising public and corporate research, has closed its largest fund to date.

Princeton University has approved a six-figure commitment to the student-run Prospect Student Ventures launched last year.

KII’s second iteration more than doubled in size from its predecessor, which closed five years ago and invested in 19 companies.

The institution’s $970,000 Kaishi Angel Fund will target undergraduate student entrepreneurs.

Luba Greenwood has been brought on to run Binney Street Capital on behalf of cancer research and care provider Dana-Farber Cancer Institute.

IP Group subsidiary Parkwalk Advisors is to pour even more funding into the UK's academic deep tech research under a new government tax scheme.

Compagnia di San Paolo, Saes Group and Umbra Group have stepped up for the tech transfer fund, which has now raised $49m so far.

Concordia University has helped venture capital firm Cycle Capital reach the final close of its latest cleantech-focused fund.