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CSHL joins Autobahn for more spinouts
Cold Spring Harbor Laboratory will work with Autobahn Labs to propel more early-stage discovery programmes into spinouts.
IST Austria gains VP for tech transfer
Prof Bernd Bickel will be the inaugural vice-president for technology transfer at IST Austria as part of a wider management reshuffle.
DTL unveils first cohort
Deeptech Labs, an incubator backed by Cambridge Innovation Capital, has announced its inaugural cohort of five startups that have each received $485,000.
Rev1 raises another OSU-backed fund
Ohio State University has again thrown its weight behind Rev1 Ventures, whose latest fund also attracted University of Dayton and multiple corporates.
CIC helps fold $28.5m into Origami
Cambridge Innovation Capital has doubled down on its commitment to Origami, having already taken part in all previous rounds.
Daily deal net: June 14, 2021
Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Heartseed finds series C beat
Keio spinout Heartseed has added $37m to its coffers thanks to the university's Innovation Initiative and UTokyo Innovation Platform.
Celonis captures $1bn series D
TUM spinout Celonis has grown to Germany’s first decacorn, three years after becoming the university’s first unicorn.

News Continued

Lilly helps inject $108m into Synthekine
The immuno-oncology therapy developer has amassed at least $190m of overall funding since emerging out of Stanford University.
C12 Quantum Electronics processes $10m
Based on research at Ecole Normale Supérieure and CNRS, C12 is commercialising quantum processors.
Aiforia visualises $15.4m series B
Helsinki spinout Aiforia has raised an initial $15.4m in series B funding, bringing it halfway to the round’s target.
Nexxiot negotiates $25m investment
ETH Zurich spinout Nexxiot has added $25m to its coffers thanks to a round led by QVIDTVM.
Red Sea Farms harvests $10m
KAUST has returned for a $10m funding round for Red Sea Farms, having previously contributed to a $1.9m round two years ago.
Metacon makes Helbio its own
Metacon has acquired all outstanding shares in its existing portfolio company Helbio, which was spun out of University of Patras two decades ago.

Editor's Picks

O’Brien to lead Cambridge Enterprise
Diarmuid O’Brien will take over as chief executive of Cambridge Enterprise this September following the retirement of Tony Raven.
SETsquared portfolio to pitch at GCV Digital Forum
Four of the incubator’s portfolio companies will pitch to investors at the GCV Digital Forum 3.0 following the success of similar competitions at our previous events.
Raven reaches for next adventure
Tony Raven, CEO of Cambridge Enterprise and a GUV Lifetime Achievement awardee, will step down by the end of next year.
Big deal: Oxford PV begins capturing series D
Goldwind, Legal & General and Equinor have all taken part in a series D that achieved a $41m first close and boosted the Oxford spinout’s total equity and debt to more than $118m.
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