$0-$4.9m

U-M commits $20m to four spinouts
University of Michigan has committed an initial $2.75m in combined funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.
Glycotest captures $3m from Fosun Pharma
The liver disease diagnostics spinout has secured the first tranche of a $10m series A investment by Fosun Pharma initially announced in October 2018.
Sitka sets up $1.2m
UBC and CDRD spinout Sitka Biopharma has now lured $5.5m in total and is readying its bladder cancer treatment for initial clinical trials.
MIT helps SendFriend to $1.7m
Founded out of Massachusetts Institute of Technology, SendFriend has built a blockchain-powered online payment transfer platform that uses technology provided by fintech developer Ripple.
Uniseed rides with Forcite
The multi-university venture fund led a $566,000 round for smart helmet developer Forcite, which has now collected $2m in total.
Torigen vaccinates $3.1m series A
Building on research by a former University of Minnesota professor, Torigen Pharmaceuticals has begun in-veterinary testing of its immunooncology vaccine for companion animals.
Ligand Pharmaceuticals administers $3m to Dianomi
Dianomi Therapeutics will work with Ligand on a medication delivery platform based on research from University of Wisconsin-Madison initially targeting pain disorders and osteoarthritis.
C-Capture catches $4.6m
IP Group returned to join corporates BP and Drax for the Leeds CO2 capture spinout’s latest round, taking its total investment in the company to $2.2m since 2009.

Other News

HTGF adds flavour to 4Gene’s seed round
4Gene is advancing TUM research into exploiting plant-derived glucosides as flexible triggers for releasing flavouring and aromas.
Bosch backs IISc-incubated Simyog Technologies
Incubated at Indian Institute of Science, Simyog has been backed by Robert Bosch for software that helps automotive parts manufacturers test for electromagnetic interference.
Sousei hosts Kyoto University for $4.1m
Smart home technology manufacturer Sousei Technology also collected funding from Aioi Nissay Dowa Insurance in a round that will help it deliver upgrades and additional services.
Sphere Fluidics orbits $2m
Cambridge-founded automated cell analytics platform Sphere Fluidics has added $2m of funding, bringing its lifetime haul to $14.9m.
Encamp pitches up seed capital
Environmental compliance software startup Encamp has amassed $1.1m from investors including IU’s Philanthropic Venture Fund.
Drone Amplified ignites with $500,000
UNL spinout Drone Amplified has devised a drone that conducts fire management stress tests on parklands by dropping small combustible balls filled with glycol on targeted pieces of land.

Editor's Picks

Sphere Fluidics circles $2.5m
Magnomatics gears up with $4m
Sheffield spin-out Magnomatics raises $4m for its magnetic gear technology.
Intelligent Ultrasound hears call of $1m
The Oxford University spin-out set up by its technology transfer office raises the funds at the same time as winning a development award from the UK's National Health Service.
Coursera wins university investment
Caltech and Pennsylvania back on-line teaching company Coursera, which just won the praise of Microsoft co-founder Bill Gates.
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