Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Hummingbot, the US-based creator of a crypto trading bot platform backed by Stanford University’s Stanford-StartX Fund, has completed an $8m series A round featuring stablecoin developer Terraform Labs, digital asset trading platform developer AscendEX, blockchain software provider Ava Labs and crypto finance data provider NEM Trading. The round was led by Initialized Capital and included Slow Ventures, Arrington XRP Capital, Borderless Capital, DeFiance Capital and Altonomy. The company had secured $3.5m from Stanford-StartX Fund, Bain Capital Ventures, Ironfire Ventures and SharesPost in a 2018 seed round and an undisclosed amount from blockchain technology promoter Algorand Foundation and Borderless Capital in October 2020.
Onchilles Pharma, a US-based cancer treatment developer spun out of University of Chicago, has raised $7m in a series A round led by Lizz Capital, with participation from University of Chicago’s Startup Investment Fund. Onchilles is working on therapeutics that use the immune system to kill cancer…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
