Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
The Hawthorne Collective, the investment vehicle launched by lawn and garden product maker Scotts Miracle-Gro last week, bought a warrant to acquire $3.2m in series A units in US-based cannabis research organisation Dewey Scientific yesterday. The company was spun out of Washington State University and had raised $1.25m from undisclosed angel investors in October 2019. Co-founders Jordan Zager (also CEO) and Paul Mihalyov studied at the university under the company’s chief scientific officer, Mark Lange.
Solasta Bio, a UK-based Glasgow University spinout developing organic pesticides, has raised £1.3m ($1.8m) in seed financing, The Scotsman reported yesterday. Venture capital fund Yield Lab Europe and Social Investment Scotland’s SIS Ventures vehicle provided the cash along with members of agricultural investment syndicate Cambridge Agritech in addition to UK Innovation & Science Seed Fund (UKI2S) and the Innovate UK Sub Fund it manages, which supplied grant funding. Solasta had previously received an undisclosed amount…
