News

RapidAim hits funding target
The Csiro Innovation Fund has invested $890,000 in RapidAim, co-founded by three Csiro researchers, to support a trial of a fruit fly monitoring system.
Washington credits fintech incubator
University of Washington’s CoMotion has formed a fintech incubator with nonprofit credit union Becu called the Becu Fintech Incubator.
NovoEd passes acquisition test
Occupational learning tool developer NovoEd, based on research at Stanford, has been bought by Devonshire Investors after raising $4.8m of series A capital in 2014.
Oh My Green tosses together $20m
Stanford-Start X Fund has put its weight behind Oh My Green's seed round, which also attracted a host of venture capital firms.
Amgen inserts $66m into Oxford Nanopore
Oxford Nanopore has secured $66m from Amgen, after the latter’s subsidiary Decode Genetics used the spinout’s technology to sequence hundreds of human genomes.
Berkeley Lights attracts Nikon for $95m round
The cell biology technology developer, based on UC Berkeley research, took its total funding to almost $220m in a Nikon-led round that included fellow strategic backer Varian.
Palette adds colour with Nestlé partnership
Karolinska Institute spinout Palette Life Sciences will add three medical products based on Nestlé’s intellectual property to its existing program targeting pain suffered during gynaecological procedures.
Locate Bio pinpoints $660,000 round
Mercia Technologies has returned to back Locate Bio's pursuit of orthopaedic therapies based on research at University of Nottingham.

News Continued

Kahoot loots funding at $300m valuation
Datum Invest has led a $15.3m round for educational game platform Kahoot, which is the result of research at Norwegian University of Technology and Science.
UBEF II carries funding to Vitamica
University of Bristol Enterprise Fund II has backed antibiotic diagnostics developer Vitamica, which spun out of the university’s school of physics in January 2018.
Kentucky to lead commercialisation hub
University of Kentucky will lead a consortium of academic institutions participating in a US government-funded commercialisation hub intended to accelerate biomedical research.
Indiana duo meet BioCrossroads for $9m fund
University of Notre Dame and Indiana University have both backed a $9m seed fund aimed at supporting local businesses in life sciences, health IT and agricultural biosciences.
Notre Dame’s Idea sparks $22m fund
The Notre Dame Pit Road Fund will provide an early funding platform to technologies and businesses accredited by the university’s Idea Center.
Edison Partners welcomes Rutgers to $365m fund
Rutgers University was among a string of limited partners for the growth equity firm's ninth fund, which was oversubscribed from its $300m target.

Editor's Picks

Big deal: Novo pens $800m Ziylo acquisition
Ziylo, a spinout from University of Bristol that is working on a diabetes treatment, has been acquired by Novo Nordisk for a total that could exceed $800m.
Big deal: Ambys arrives at $140m investment
Ambys Medicines has raised $60m in a series A round backed by Takeda and signed a strategic partnership agreement with the corporate worth $80m.
Big deal: QuantumScape fuels up on VW cash
VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.
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