Morgan Creek mines $40m fund

An undisclosed endowment has signed up to a $40m cryptocurrency-focused fund managed by Morgan Creek Digital Assets that will make seed-stage and token-based investments.

Insignals flexes its muscles

Spun out of Inesc Tec under a strategic agreement with Frontier IP, Insignals hopes to commercialise a surgical guidance device for brain implants to treat conditions including Parkinson’s.

Stanford-backed Eero connects to Amazon

Stanford-backed wifi system developer Eero has been picked up by Amazon after launching a product designed to provide high performance for devices including smart home products.

Events

GCV Symposium & GUV:Fusion 2019
22nd May 2019
MIT helps SendFriend to $1.7m
Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.
6Estates tends to series B round
6Estates had previously raised $2m of funding for its market intelligence products based on research from NUS and Tsinghua University.
Nuvaira shares $79m series E news
Nuvaira, based on research by a then-professor at Washington University School of Medicine, has closed a $79m funding round led by US Venture Partners.
Kaust accelerator unveils third roster
Kaust is preparing for the third phase of its Taqadam startup accelerator, which is supported by a host of Saudi Arabian academic institutions and claims to have achieved a 35% female participation rate.
Ten businesses board Manchester-backed accelerator in Dubai
UAEpreneurs will operate with support from University of Manchester’s Middle East Centre in Dubai, providing 10 mainly digital-focused startups the opportunity to raise $50,000 to $250,000 in capital.
Uniseed rides with Forcite
The multi-university venture fund led a $566,000 round for smart helmet developer Forcite, which has now collected $2m in total.
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