Madison-start up lands $4.2m in venture funding
Silatronix Inc., a Madison start-up that is aiming to make lightweight lithium ion batteries much more efficient and safe, has raised $2.8 million, according to a filing the company made with federal securities regulators.
University of Michigan Spin-Out Sakti3 Delivers Double the Energy Density of Current Lithium Ion Battery Technology, Cells Produced in Ann Arbor Lab
Sakti3, Inc. (www.sakti3.com) announced that it has produced a battery cell on fully scalable equipment with over 1100 Watt hours per liter (Wh/l) in volumetric energy density. This translates to more than double the usage time in a wearable device like a smartwatch, from 3.5 h to more than 9 h. It also translates to almost double the range in an EV […]
Cape Town launches new seed fund
As part of the official opening of the new CCDI space, a new Design Innovation Seed Fund (DISF) was launched as part of the proceedings. The DISF is supported with seed funding from the Technology Innovation Agency (TIA) and the Department of Economic Development and Tourism (DEDT). The new fund is set to give innovation […]
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.
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.
Japanese Govt to fund start-up CEOs
The Japanese government plans to start a system this fiscal year under which it will provide living costs of 6.5 million yen ($64,000) per year, for up to two years, for people who quit their companies and start a new business.
New commercialization gap funding assists WSU innovators
Washington State University researchers can get in-house money to move their innovations from the lab to the marketplace through a new commercialization gap-funding (CGF) program.
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.
Midven’s Rainbow fund backs University of Anglia’s Spectral Edge
Iceni Seedcorn Fund joined Midven’s Rainbow Seed Fund in the investment in Spectral Edge. The company was founded in 2012 as a spin-out from the University of East Anglia to exploit novel image fusion technology developed by Professor Finlayson’s ‘Colour Lab’.