Financial

Washington credits fintech incubator
University of Washington’s CoMotion has formed a fintech incubator with nonprofit credit union Becu called the Becu Fintech Incubator.
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.
Canada puts $25m into Toronto’s Creative Destruction
Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.
Yale decrypts investment for $400m fund
Yale University’s endowment will reportedly back a $400m cryptocurrency-focused fund called Paradigm together with investors including Sequoia Capital.
Futurae authenticates $2m
Insurance firm Axa is among those backing ETH Zurich authentication technology spinout Futurae Technologies, which will use the capital for market expansion.
CoinAlpha accumulates $3.5m
Stanford University’s StartX Fund has joined Bain Capital Ventures, Ironfire Ventures and SharesPost for blockchain technology developer CoinAlpha’s opening round.
Concirrus covers $6.6m
City National pays out for Exactuals acquisition
Financial services firm City National Bank has bought Stanford StartX-backed royalties payment platform Exactuals having led its series B round last year.

Other News

Bharat Innovation Fund ushers in first close
The fund, affiliated with IIM Ahmedabad, has raised approximately $50m for its first close two years after first being announced.
Rippleshot nails down $2.6m round
Alumni-founded payment fraud detection developer Ripple Shot has been backed by an Indiana University fund as it prepares to release its inaugural product.
UC Berkeley SkyDeck checks in latest cohort
A total of 22 participants have each received $100,000 in funding as part of the UC Berkeley accelerator.
Iowa State accelerates startups near and far
Iowa State's Startup Factory Network will train ten startups over 52 weeks at ISU Research Park, while another eight businesses will participate remotely from northern Iowa.

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Big deal: RCIF and TUS anchor $100m fund
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