Istesso stakes $7.6m
IP Group has poured more funding into Istesso, whose treatment for rheumatoid arthritis traces its roots to an Aberdeen spinout, to drive immuno-metabolism therapies for autoimmune diseases.
Blue J Legal makes $7m call
Backed by investors including BDC Capital, Toronto-founded Blue J Legal hopes to adapt its legal forecasting technology to the US system.
Streem straps on $6.8m
Streem, a home services AR software developer whose shareholders include Oregon State University-backed Rogue Venture Partners, is raising a second funding round.
Igem sets $6.4m in stone
The KCL immuno-oncology spinout’s second series A close included investment from UCL Technology Fund, Alsa Holding and Epidarex Capital.
Loyalty Prime redeems seven-figure round
Loyalty Prime has been backed by the VC affiliate of Technical University of Munich’s Unternehmertum as it builds the international profile of its loyalty scheme management software.
Engitix explores $6.4m series A
UCL spinout Engitix plans to develop therapeutics for liver fibrosis and certain cancers based on its targeted drug discovery platform.
Quralis queues up $5.5m
Harvard’s Quralis has added funding from investors including Viva Biotech to take its seed total to $5.5m as it looks to advance treatments for amyotrophic lateral sclerosis to the clinic.
Understory forecasts $7.5m
4490 Ventures has returned for the latest round for weather analytics service Understory, which has disclosed a total of $24.6m in funding to date.

Other News

Animal Dynamics squares $7.7m series A
OSI is among the investors in drone developer Animal Dynamics’ latest round, which will help it develop products based on aerodynamics from the animal kingdom.
Kebotix collects $5m
Kebotix has emerged from Harvard University with backing from investors including Baidu to commercialise an automated approach to discovering new materials and molecules.
Acera adds $5m to its coffers
Acera Surgical, a spinout of Washington University in St Louis, has raised an initial $5.1m out of a targeted $10m.
Microbiotica digests $5.2m investment
Seventure Partners has injected $5.2m into the Sanger Institute spinout, which has now raised $15.2m from investors also including IP Group and Cambridge Innovation Capital.
Mission Secure shields $8m for series A
University of Virginia Seed Fund returned to back industrial cybersecurity spinout Mission Secure in a round co-led by Chevron Technology Ventures and Energy Innovation Capital.
Fusion pipes in $8m series C
University of Michigan's manufacturing coolant spinout Fusion Coolant Systems has been backed by the institution's Mints fund, taking its total to $9.9m.

Editor's Picks

Manchester signs deal with IP Group
Canvas paints $9m picture
Canvas Network, an online education platform developed by learning management software (LMS) provider Instructure which received $9.1m investment for the platform, has begun offering free and open online courses.
Dyson sucks up $7.9m for RCA start-ups
British investor Sir James Dyson, founder of vacuum cleaner company Dyson, is donating $7.9m to The Royal College of Art to support engineering start-ups.
WRF finds its Resolve
In May 2010, Resolve raised $2m in the initial close of its A round before bringing in a corporate venturing unit later.
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