RapidAim hits funding target
The Csiro Innovation Fund has invested $890,000 in RapidAim, co-founded by three Csiro researchers, to support a trial of a fruit fly monitoring system.
Ecovia clears up $500,000 seed round
Michigan materials spinout Ecovia Renewables has secured capital from the university's Mints fund to take its total to $1.6m.
Boeing drops into MIT’s Accion Systems
Based on research at MIT, Accion Systems has received corporate backing from Boeing to develop more nimble and efficient propulsion for spacecraft.
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.
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.
Yissum fabricates $6m nanotech fund
HUJ’s tech transfer arm still hopes to raise a further $3m for the fund to close it at $9m and has already invested in three technologies.
Chrysalix brings Delft to RoboValley for first close
The Delft-affiliated fund has reached its first close on its way to a $120m target, having secured capital from a range of limited partners.
Theodorus unveils $23m fund
Université libre de Bruxelles has added a fourth Theodorus fund to its arsenal with an initial close of $23m and a target of up to $33.5m.

Other News

Adranos takes off with $800,000
The 2016 Purdue spinout has been backed by angel investor Archibald Cox and the Ustar Tap accelerator as it seeks US defence agency-adoption for its missile propellant.
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.
Memetis meets KIT for funding
KIT-founded valve actuator manufacturer Memetis has received capital from the university and HTGF to help expand development and production.
Akselos couples to $10m
The MIT industrial modelling tool spinout received commitments from Innogy and Shell to drive further adoption of its products in the energy sector.
SlamCore locates $5m
Toyota has backed Imperial's spatial robotics software spinout SlamCore's latest round, adding to seed funding raised from Imperial Innovations and others in May 2017.
Gilmour Space thrusts $13.7m into orbit
Satellite launching rocket producer Gilmour Space Technologies has been backed by Main Sequence Ventures, managers of Csiro Innovation Fund, taking its total to $17.4m.

Editor's Picks

Big deal: RCIF and TUS anchor $100m fund
Big deal: MIT revs $150m Engine
Massachusetts Institute of Technology has unveiled an incubator that will provide funding, space and expertise to boost commercialisation activities on and off-campus.
Robotics out of laboratories
Google's purchase of Boston Dynamics signals move from hobby to industry.
test reg


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