Michigan alum raises $137 million for startups
Base10 Partners, a venture capital firm co-founded by Thomas James Nahigian, a University of Michigan Ross School of Business alum, and Adeyemi Ajao, has recently raised $137 million for investment in the name of “automation for the real economy.” This marks what is believed to be the largest debut for a venture capital firm led […]
Tel Aviv University Fund TAU Ventures leads $ 1.5 million. investment in Israeli startup
Tel Aviv University venture capital fund resulted in a $ 1.5 million investment round for two, Castor and Hoopo. The fund announced on Wednesday. TAU Ventures is the first and only academically-based venture capital fund in Israel. It is similar to university-funded or affiliated funds at leading institutions in the United States such as Stanford […]
Foxconn Creates $100M Venture Fund
Foxconn Technology Group continues to make its presence felt in the Wisconsin business community. The latest move: The Taiwanese contract manufacturer is forming a $100 million early-stage venture capital fund with three of the Badger State’s leading companies and organizations. Advocate Aurora Health, Northwestern Mutual, Johnson Controls, and Foxconn will each contribute $25 million to the fund, […]
UT Horizon Fund participates as Cerebri AI raises $5M in funding
Cerebri AI, an Austin startup that uses AI to improve customer service, just announced a major round of funding — a $5 million Series A led by Microsoft’s venture fund, M12. With the fresh funds, the company plans to expand its operations and support the release of its new Cerebri Values product, which “quantifies each customer’s […]
Rock River Capital Nabs Another $15M to Invest in Midwest Startups
A young Wisconsin venture capital firm says it has raised more than $15 million for a fund created under a program partially supported by the state of Wisconsin and aimed at increasing the amount of funding available to Badger State startups. Rock River Capital Partners said in a document filed with the SEC on Friday that the amount […]
Texas Medical Center’s TMC Venture Fund invests $500K in Two Medical Device Startups
In another landmark event, two medical device startups – CorInnova and Intelligent Implants – were each awarded $250,000 grants at the Texas Medical Center (TMC) on Thursday. These funds were from the $25 million TMC Venture Fund which was raised by the Texas Medical Center to support new startups in the healthcare sector. This announcement […]
Deerfield Management pledges $65 million to Northwestern for drug development
Northwestern announced Thursday it is partnering with Deerfield Management, an investment management company, to launch Lakeside Discovery LLC in order to help develop new drugs. Deerfield, which pledged up to $65 million, will help shepherd potential drugs to the Food and Drug Administration to get them approved for human testing. Alicia Löffler, executive director of […]
Tel Aviv University launches VC fund to invest in early-stage startups
Tel Aviv University has announced plans to set up an early-stage startup venture fund, the first of its kind by an Israeli university. The TAU Ventures fund, which will be located in Tel Aviv, has already raised some $20 million in commitments from investors including the Singaporean investment fund, Chartered HighTech (CTH), and additional investors from […]
Singapore needs to push its startups beyond seed funding
Despite seed and series A capital abundance, there’s not much series B and C funding enabling startups to scale up. Whilst Singapore has been consistently hailed as one of the most startup-friendly countries due to prime business conditions and attractive incentives packages, the unavailability of second-stage level funding poses a problem for startups looking for growth opportunities […]
IU creates $15 million Philanthropic Venture Fund to develop innovations, businesses
A newly created evergreen fund managed by the Indiana University Research and Technology Corp. will provide capital to faculty, students and staff at all IU campuses to help them further develop their research and innovations into startup companies. The IU Philanthropic Venture Fund was originally envisioned in the Bicentennial Strategic Plan as part of the university’s continuing […]