UNC to receive $65 million through hedge fund partnership for medical research
An investment management firm has committed $65 million in funding to UNC to accelerate the development and creation of new medicines. The University is partnering with Deerfield Management to form Pinnacle Hill, LLC. Pinnacle Hill will manage funding to approved projects and provide drug development expertise across a wide range of therapeutic areas, according to […]
Alumni Ventures Group is the most active venture fund you’ve never heard of
Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, far […]
Indiana BioCrossroads forms $9M seed fund for life science startups
Indiana startup companies in life sciences, information technology and agricultural biosciences now have another source of early funding. BioCrossroads, an Indianapolis-based group that promotes and invests in the sector, said Wednesday it has formed a $9 million seed fund, its third such fund since 2004. Investors in the Indiana Seed Fund III include Eli Lilly […]
Lockheed venture arm spreads its wings overseas
Lockheed Martin’s venture capital arm focused on emerging technologies has made its first investment outside the United States in Main Sequence Ventures, itself another emerging technology investment fund that is just a year old. Australia-based Main Sequence Ventures said Wednesday it closed an almost $232 million fund with Lockheed Martin Ventures among several backers that […]
StreetLight Data raises $10 mln from Osage University Partners
StreetLight Data, Inc., the mobility analytics company that brings real-world travel patterns to light, today announced that it has closed $10 Million in Series C funding. StreetLight Data’s proprietary solution, StreetLight InSight, is an online SaaS tool designed for Smart Cities and the transportation industry. StreetLight InSight combines big data with processing and industry-targeted analytic […]
U.K.-based IQ Capital announces $165 million fund for early-stage transformative startups
U.K.-based venture capital (VC) firm IQ Capital has announced a new £125 million ($165 million) fund to invest in transformative startups that focus on artificial intelligence (AI) and other forms of disruptive “deeptech.” Cambridge-headquartered IQ Capital launched in 2006 with an inaugural £25 million ($33 million) fund, followed nearly a decade later by a £50 million ($66 […]
Trolley Venture Partners raises $4 million to invest in central Virginia startup companies
A new investment fund has been created to provide financial backing for early stage business ventures in central Virginia. Trolley Ventures said it has closed an initial fundraising round with $4 million raised. The partnership plans to immediately start making investments in promising, early stage companies in the region. “There is no shortage of companies […]
Michigan’s Venture Investors adding $100 million fund for med device/health startups
A document which contains plans to raise $100 million in healthcare funds, was recently submitted to the U.S. Securities and Exchange Commission by a venture capital firm in Madison, Wisconsin, – Venture Investors LLC – which also has a strong business presence in Michigan. The name of this fund is Venture Investors Health 6 LP. […]
Midwest Venture Investors To Raise As Much As $100M To Fund Health Startups
Venture Investors plans to raise up to $100 million for a new, healthcare-focused venture capital fund, the Madison, WI-based firm said in a documentrecently filed with federal securities regulators. VI is the oldest and largest venture capital fund in Wisconsin. It created a new business entity, “Venture Investors Health Fund 6 LimitedPartnership,” under whose name the document was filed. The filing lists the same business address and some of the same executiveofficers as previous funds VI has raised for investing in startups. Scott Button, a managing director at VI, declined to say what the organization’stimeline is for raising the new healthcare fund, citing regulatory restrictions. The Wisconsin-based healthcare businesses that VI has backed include CellectarBiosciences, FluGen, and TAI Diagnostics. Two Madison-based startups in VI’s portfolio were acquired by large, publiclytraded companies in the last two years: NeuWave Medical, which was sold toEthicon, a subsidiary of Johnson & Johnson; and Virent, which was acquired byAndeavor. Source: Xconomy: Venture Investors To Raise As Much As $100M To Fund Health Startups
University of Arizona McGuire New Venture program reaches across UA campus
The New Venture Development Program at the University of Arizona’s McGuire Center for Entrepreneurship is mainly an academic exercise designed to give students the experience of moving an idea to a launch-ready venture. But real products and companies have emerged from the program, and they increasingly involve UA technologies as McGuire reaches out across campus. […]