UCLouvain's Vives hopes to raise $55.4m altogether for a new VC fund targeting its spinouts and those of regional academic partners.
Vives, the Belgium-based seed capital fund established by Université catholique de Louvain (UCLouvain), has raised €25m ($27.7m) for the initial close of a multi-university venture fund from investors including UCLouvain’s tech transfer office Sopartec and University of Luxembourg, L’Echo reported on Tuesday.
The fund, dubbed Vives Inter-University Fund, is due to reach a final close of about $55.4m by the end of 2019, and also has partnerships in place with Luxembourg’s National Research Fund and Luxembourg Institute of Health,…
