Dai-ichi Life has led the final close for the Japan-based financial technology developer’s $38.8m series C round, which was already backed by Tokyo University of Science Investment Management Company.
University of Michigan has generated 86 spinouts over the past five years after setting a new record of 22 during its most recent financial year.
Stanford-backed micro public finance platform Neighborly has paused the payroll in a concerted attempt to restructure the business and avert insolvency.
The Stanford-backed consumer credit management platform has now raised $110m altogether, and the latest round will fund hiring and technology development.
UChicago Startup Investment Program is among a group of backers that provided $47m to support the launch of a Florida-focused home insurance carrier, the first of Kin's subsidiaries to underwrite its own policies.
GV was among the investors for Stanford-backed online life insurance provider Ethos's latest round, which brought the its total funding to more than $106m.