Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Animated Dynamics, a US-based cancer treatment guidance technology spinout of Purdue University, has received $5.5m from undisclosed investors, according to Indianapolis Business Journal. The company was formed from research led by David Nolte, the Edward M. Purcell Distinguished professor of physics and autonomy at Purdue University and raised $1.7m in a 2016 series A round led by Caravel Ventures that featured Purdue’s Research Foundation, commercial real estate manager Vestian and Elevate Ventures, before an early 2018 regulatory filing suggested it raised $1.3m in equity funding from unnamed investors. It added $250,000 in late 2018 from Indiana Seed Fund III, a vehicle backed by University of Notre Dame, Indiana University and pharmaceutical firm Eli Lilly, before picking up the same amount in May 2019 from Foundry Investment Fund, the Purdue University-focused investment partnership of Purdue Research Foundation and medical device supplier Cook Medical.
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