Contrary Capital is seeding a second vehicle to back spinouts and university-linked startups through venture partners based at faculties across the US.
Contrary Capital, a university-focused venture firm with connections to dozens of US institutions, aims to raise $35m for its second vehicle from pooled investment funds, according to a regulatory filing published Wednesday.
The company backs spinouts and startups founded by students or alumni by reaching out to researchers and entrepreneurs through a network of approximately 100 venture partners, spread across faculties nationwide. It typically invests between $50,000 and $200,000 to sustain businesses until they are ready for a fully-fledged…
