US-based venture firm M34 raises pool to seed 15 academic startups over the next three years.
Errol Arkilic (pictured), chief executive of venture capital firm M34, has raised a debut pool of capital to seed 15 academic and laboratory startups over the next three years.
He said its standard investments range from $50,000 to $250,000 and would be typically the first outside funds into a company.
By email he added that M34, which stands for Mach 34 the escape velocity from the Earth’s gravitational pull, was “developing an evidence-based approach to academic spin-outs that extends the…
