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Neighborly leaves the municipal precinct
Stanford-backed micro public finance platform Neighborly has paused the payroll in a concerted attempt to restructure the business and avert insolvency.
Credit Sesame lets in investors for $43m
The Stanford-backed consumer credit management platform has now raised $110m altogether, and the latest round will fund hiring and technology development.
CSAA meets Kin in $47m round
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.
Ethos sets its mind to $60m
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.
Daily deal net July 22, 2019
Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
UC Davis debuts 14 spinouts during 2018-19
While slightly less than the 16 generated by UC Davis past year, the university remains pleased with the performance of internal tech transfer operations.
Legend returns to Bangsun in series C round
The anti-fraud technology provider, co-founded by CAE faculty, has received $50.7m in a round led by VMS Investment Group that was also backed by existing investor Legend Capital.
Cytora assesses $32.6m series B
Cambridge Innovation Capital and Parkwalk Advisors have both returned to back a $32.6m series B round for Cytora, an insurance technology spinout of Cambridge.

Other News

Energetic Insurance jumps at $2.5m opportunity
Congruent Ventures has led a $2.5m funding round for Energetic Insurance, which hopes to enable SMEs to tap into the solar energy market.
Oxford seeks impact with Sophia
OUI’s first social enterprise spinout, Sophia Oxford, will implement a multidimensional poverty index and standards intended to help corporates respond to the needs of workforces.
Startbahn verifies $2.8m
Utec joined Dentsu in the fine art providence blockchain creator’s latest round, after supplying $900,000 of seed capital in July 2018.
Utec and Blume illuminate Budha accelerator
University of Tokyo’s Utec has extended its foray into Indian VC investments by starting an accelerator in partnership with local venture fund Blume Ventures.
Strathclyde books in Listings Ledger
Listings Ledger has spun out from the university to commercialise a real-time valuation ticker for privately-owned companies.
Morgan Creek mines $40m fund
An undisclosed endowment has signed up to a $40m cryptocurrency-focused fund managed by Morgan Creek Digital Assets that will make seed-stage and token-based investments.

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