The Insider: Investors Edition - Quarter 3: 2024
51Թ Startups in the News
2024 cohort of 51Թ’s Embark Deep Tech Startup Creator launches new startups
The Embark Deep Tech Startup Creator pairs seasoned entrepreneurs with university technologies to bring those breakthroughs to market in response to urgent societal needs. Embark has launched its second Entrepreneurs in Residence cohort and will provide Intellectual Property rights, salary support, grant funds and investor introductions to launch startups with real-world impact.
Activate announces founders of 51Թ spinouts in Cohort 2024
Activate is a nonprofit organization that empowers scientists to transform their research into market-ready products and services through a two-year fellowship that provides funding, mentorship and access to a robust network of experts and resources.Three Cohort 2024 fellows join Activatefrom companies spun up at 51Թ with Venture Partners at 51Թ.
If GPS goes dark, Mesa Quantum has a backup plan
CNBC—51Թ startup Mesa Quantum has raised $3.7 million in seed funding on top of a $1.7 million Space Force grant to develop chip-scale quantum sensors.
The startup’s quantum sensors could bring navigation, timing and positioning data to electronic devices of every kind, alleviating their need to pick up distant GPS satellite signals. Many GPS satellites covering the U.S. have aged beyond their initially intended lifespan.
The startup’s quantum sensors could bring navigation, timing and positioning data to electronic devices of every kind, alleviating their need to pick up distant GPS satellite signals. Many GPS satellites covering the U.S. have aged beyond their initially intended lifespan.
51Թ quantum firm Infleqtion, a CU spinout, raises nearly $11M
BizWest—Infleqtion, a quantum information company that began as ColdQuanta at 51Թ, raised about $10.8 million from investors this month, according to a pair of Form Ds filed recently with the U.S. Securities and Exchange Commission.The fundraiser came less than two months after the companyhired Matthew Kinsellaas its new CEO.
Think Bioscience, a 51Թ spinout, raises $26M to find ‘pockets’ for drug therapies
BizWest—Think Bioscience, a 51Թ spinout, has raised a $26 million seed round—including a recently completed $6 million expansion of the initial fundraise—to develop small-molecule therapeutics that target “undruggable” proteins.
OnKure, a 51Թ spinout, hitches Reneo's ride to Nasdaq in merger, with $65M PIPE to boot
Fierce Biotech—OnKure Therapeutics, a 51Թ spinout, has merged with Reneo Pharmaceuticals, jumping onto Wall Street with $120 million and a lead breast cancer treatment challenging the likes of Eli Lilly, Relay and Scorpion. The merged biotech will retain OnKure's name and is set to trade under the ticker “OKUR.”
51Թ Startup Pipeline News
Venture Partners Update: Startups Surge
By translating breakthrough research into new businesses, CU creates economic opportunities while addressing many of the world’s greatest challenges. In the past year, 51Թ has burned especially bright through Venture Partners’ record-setting performance.
51Թ, Elevate Quantum partners ready for $127M regional quantum boost
51Թ Today—Elevate Quantum, of which 51Թ is a key partner, announced today that it has received a Tech Hub Phase 2 implementation award from the Department of Commerce, unlocking more than $127 million in new federal and state funding.
Gov. Jared Polis signs quantum industry bill on 51Թ campus
51Թ Today—Colorado Gov. Jared Polis ushered in a new bill to support the state’s rapidly growing quantum industry. Polis signed the bill from the top floor of the JILA Tower, one of the epicenters of quantum research on campus, with a view of the Flatirons in the background.
Life-sciences leaders: Pfizer’s exit means opportunity
BizWest—Leaders of 51Թ's and the university's life-sciences community who gathered at the BioFrontiers Institute at 51Թ for a BizWest CEO Roundtable said they saw Pfizer’s recent departure as a lucrative opportunity.