RiverVest Venture Partners Closes on $15 Million Biopharma Pre-Seed Fund – RiverVest Venture Partners
Life sciences venture capital firm RiverVest Venture Partners today announced the closing of Archer Seed Fund, L.P. at $15 million. Archer will invest modest amounts of pre-seed and seed funding in about 10 early-stage biopharmaceutical companies, according to RiverVest Managing Director John McKearn, Ph.D. The fund’s investment opportunities will be primarily sourced from business incubators […]
(Venture Capitalists Take Note) University Startup Funds Are For Real
The common auto-pilot statement (I’ve been guilty of it–often–as well) is that universities need more money from pre-seed venture capital to launch successful startups. After a click-whirr pause caused by our recent startup gap fund webinar(sample here), I’m not so sure. Let’s start with a simple question, “What are 5 key needs areas for success […]
Michigan State University Foundation Launches $5M Venture Fund, Red Cedar Ventures LLC
[fusion_text]The Michigan State University Foundation (MSUF) announced today the formation of its new, $5M venture investing subsidiary, Red Cedar Ventures. Its newest program features both a pre-seed fund and an opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital. “We have been […]
Tsinghua University’s Redbud Capital To Launch $150M Venture Fund-Of-Funds
Redbud Capital, an investment platform under Tsinghua Holdings, has teamed up with the State-owned Assets Supervision and Administration Commission (SASAC) of Yiwu City and Zhejiang China Commodities City Group to launch a RMB1 billion (US$150 million) fund-of-funds focused on venture capital. The new vehicle will invest in venture funds, says an announcement without elaboration. It’s […]
MIT starts $25M venture fund
[fusion_text]The Massachusetts Institute of Technology has spawned a dazzling array of innovations in its 155-year history, from disposable razors to wind tunnels to radar. Now, the university wants to open up its checkbook to turn the next generation of big ideas into businesses. On Wednesday, the school said it was raising $150 million for a […]
Third Rock Ventures Raises $616 Million Fund IV for healthcare tech
Third Rock Ventures, LLC announced today the closing of Third Rock Ventures IV, LP (“Fund IV”), raising $616 million in an oversubscribed fund. With Fund IV, the firm will continue to execute on its strategy of creating innovative healthcare companies to make a meaningful difference in the lives of patients and their families. Since launching […]
Birmingham’s Health Tech Kaido secures £50,000 funding from Mercia Fund Management SME Innovation Fund
The SME Innovation Fund is a joint initiative set up by Mercia Fund Management, leading investment business in UK innovation and a wholly-owned subsidiary of Mercia Technologies PLC and the West Midlands Academic Health Science Network (WMAHSN), to help build and support healthcare start-ups across the West Midlands. The WMAHSN brings together investment, energy and […]
UAE Venture fund helps Mena region tap into expertise of veteran investors
Most technology investors are hunting future “unicorns”, as start-up ventures valued at US$1 billion or more are known. But with millions of businesses launching each year, these are proving ever elusive. Step in one new fund aimed at Middle Eastern investors, which – while certainly not promising to scout out the next Facebook – does […]
Enable Injections to triple Cincinnati workforce after landing $30 million in Series A funding
Enable Injections plans to triple its workforce as a result of $30 million in funding lined up by the Cincinnati health care company. The firm was founded in 2010 and now employs about 50, but it intends to add 100 workers by the end of 2018 as a result of the Series A funding. “It […]
Invest Georgia putting state’s money to work
Georgia’s state-run venture capital fund expects to allocate the first $10 million it received from the state by the end of the year, the fund’s executive director said Thursday. Knox Massey of Invest Georgia told a Georgia Senate study committee he is in “deep discussions” with two investment funds and in conversations with two others. […]