UT Horizon Fund invests $593K in MolecularMatch in Series A financing round
AUSTIN, TX – UT Horizon Fund, the strategic venture fund of the University of Texas System, has made a $593,000 Series A preferred stock investment in MolecularMatch.
KoolSpan, BrainScope get $700K in Maryland Venture Fund backing
The Maryland Department of Business and Economic Development says its Maryland Venture Fund has made follow-on investments in two Maryland startups totaling $700,000.
Finance Wales close to three profitable exits deals from firms into Technology Venture Investments portfolio
Finance Wales is close to three exits on companies backed by its technology-focused fund, including one via flotation. Director of Technology Venture investments Steve Smith said the £40m fund, which has backed around 40 mainly pre-revenue technology firms in Wales, was also working towards making its first co-investment(s) with the Welsh Government’s £100m Wales Life […]
NZVIF’s $5.4M seed fund investment too early to predict returns
The government-backed New Zealand Venture Investment Fund says it’s still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors.
Ilitches donate $8.5M to Wayne State University to fund surgical innovation
Pizza and entertainment entrepreneurs Michael and Marian Ilitch donated $8.5 million to the Department of Surgery at the School of Medicine at Wayne State University to create the Ilitch Chair for Surgical Innovation. The money will establish an unrestricted fund to support research and development in surgical technologies.
Nepal Govt to establish Rs 500m fund to bankroll start-ups
The government has planned to establish a start-up fund in the coming fiscal year in a bid to cultivate the culture of entrepreneurship and promote fresh ideas. Presenting the budget for fiscal 2014-15, Finance Minister Ram Sharan Mahat said that the government would set up a Rs 500 million fund to bankroll promising start-ups.
Delaware Early Stage Venture Fund to Invest $50K-250K in Regional Start-ups
Leading Edge Ventures I, L.P., announced today the formation of an early stage venture fund. Headquartered in Newark, Delaware, the Fund will make investments in promising early stage companies in Delaware and the Mid- Atlantic region. It will also maintain an office in Bethlehem, PA. Leading Edge Ventures will target companies that provide productivity benefits […]
Portland State University’s DesignMedix Closes Second Angel Round of $1.5 Million
DesignMedix, Inc., a biotech startup with ties to Portland State University, has closed a second round of angel funding from investors in the Northwest. Investors include Portland Seed Fund, as well as members of Bellingham Angels, Oregon Angel Fund, Seraph Angel Network, Willamette Angel Conference, Keiretsu Angel Forum and Tacoma Angel Network.
Gillibrand wants to fill venture capital void
U.S. Sen. Kirsten Gillibrand wants to do for upstate New York what the venture capital sector has not. While New York state universities rake in $6 billion a year in government research funding — ranking it No. 2 in the country — the state and upstate New York in particular lag behind most of the country when it […]
U.S.-Chinese Accelerator InnoSpring is Targeting $5 Million Fund
InnoSpring, a two-year-old accelerator founded in Silicon Valley to help U.S. and Chinese tech startups expand across borders, is raising a second fund, Venture Capital Dispatch has learned.