Us And Canada

Washington credits fintech incubator
University of Washington’s CoMotion has formed a fintech incubator with nonprofit credit union Becu called the Becu Fintech Incubator.
NovoEd passes acquisition test
Occupational learning tool developer NovoEd, based on research at Stanford, has been bought by Devonshire Investors after raising $4.8m of series A capital in 2014.
Berkeley Lights attracts Nikon for $95m round
The cell biology technology developer, based on UC Berkeley research, took its total funding to almost $220m in a Nikon-led round that included fellow strategic backer Varian.
UBEF II carries funding to Vitamica
University of Bristol Enterprise Fund II has backed antibiotic diagnostics developer Vitamica, which spun out of the university’s school of physics in January 2018.
Kentucky to lead commercialisation hub
University of Kentucky will lead a consortium of academic institutions participating in a US government-funded commercialisation hub intended to accelerate biomedical research.
Indiana duo meet BioCrossroads for $9m fund
University of Notre Dame and Indiana University have both backed a $9m seed fund aimed at supporting local businesses in life sciences, health IT and agricultural biosciences.
Notre Dame’s Idea sparks $22m fund
The Notre Dame Pit Road Fund will provide an early funding platform to technologies and businesses accredited by the university’s Idea Center.
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.

Other News

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.
Breethe inhales $3.5m
University of Maryland-founded artificial lung developer Breethe is targeting $5m for its latest round after previously raising approximately $7.8m.
Cardialen jumpstarts $17m series B
The George Washington spinout had previously raised $4.1m in equity for its low-voltage implantable cardiac defibrillator.
Turnitin marks Gradescope for acquisition
UC Berkeley’s SkyDeck accelerator has secured an exit as schoolwork assessment technology developer Gradescope was acquired by Turnitin.
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.

Editor's Picks

Editorial: For the good of investors
As MedWhat scores an initial win in its courtroom battle with Stanford, Paige.ai finds itself in the middle of allegations that its licensing deal with Sloan Kettering was improper.
Big deal: Ambys arrives at $140m investment
Ambys Medicines has raised $60m in a series A round backed by Takeda and signed a strategic partnership agreement with the corporate worth $80m.
Big deal: QuantumScape fuels up on VW cash
VW will invest $100m in QuantumScape and form a joint venture with the Stanford spinout to develop batteries for long-range electric vehicles.
Ku retires from Stanford OTL
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