Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Tavros Therapeutics, a US-based cancer therapy developer spun out of Duke University, has secured the first $1m tranche of a planned $3m equity commitment from an undisclosed local investor, Wral TechWire reported yesterday. The remainder will be supplied over two subsequent tranches. Tavros Therapeutics was founded in 2019 in a bid to identify unique instabilities in cancerous tumours that could be triggered with new drugs.

CryptoNext Security, a France-based secure quantum communications spinout of Sorbonne University and Inria Paris, has completed a pre-seed round of undisclosed size featuring tech transfer office Satt Lutech. The round, led by venture fund Quantonation, is expected to fund recruitment as CryptoNext develops cryptography techniques that can withstand attacks from quantum computers.  CryptoNext currently has clients evaluating its proposition in the secure messaging, blockchain and digital signature spaces.