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Duke Angel Network

Founders John Glushik

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 42
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 34
Rounds per year 4.67
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.19
Exits 3
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Artificial Intelligence
  • SaaS
  • Health Care
  • Medical Device
  • Medical
Summary

Duke Angel Network is the famous Corporate Investor, which was founded in 2015. The leading representative office of defined Corporate Investor is situated in the Durham. The fund was located in North America if to be more exact in United States.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Duke Angel Network, startups are often financed by Techstars, SOSV, Jean Hammond. The meaningful sponsors for the fund in investment in the same round are Triangle Angel Partners, Idan Koren, Carolina Angel Network. In the next rounds fund is usually obtained by Triangle Venture Alliance, Primary Venture Partners, North Carolina Biotechnology Center.

The fund was created by John Glushik.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular fund investment industries, there are Finance, Manufacturing. The fund has exact preference in a number of founders of portfolio startups. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Baebies, Fathom AI, InnAVasc Medical

The increased amount of exits for fund were in 2018. This Duke Angel Network works on 22 percentage points less the average amount of lead investments comparing to the other organizations. The real fund results show that this Corporate Investor is 13 percentage points less often commits exit comparing to other companies. The usual things for fund are deals in the range of 1 - 5 millions dollars. The important activity for fund was in 2016. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 investment rounds annually.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Xilis

Biotechnology
Health Care
Health Diagnostics
Life Science
Pharmaceutical
$19M13 Jul 2022 Durham, North Carolina, United States

inSomaBio

Biopharma
Biotechnology
Life Science
$1M01 Jan 2022 Durham, North Carolina, United States

Sparta Biomedical

Fitness
Health Care
Wellness
$5M14 Dec 2021 Madison, Wisconsin, United States

Embrace

Analytics
Developer Tools
Enterprise Software
Information Technology
Mobile Apps
Productivity Tools
SaaS
Software
$45M20 Oct 2021 California, United States

Xilis

Biotechnology
Health Care
Health Diagnostics
Life Science
Pharmaceutical
$70M08 Jul 2021 Durham, North Carolina, United States

Realtime Robotics

Industrial Automation
Information Technology
Robotics
$31M03 Jun 2021 Boston, Massachusetts, United States

Otter.ai

Artificial Intelligence
Collaboration
Consumer Software
Enterprise Software
Information Technology
Mobile
$50M25 Feb 2021 California, United States

Artificial Intelligence
Computer Vision
Machine Learning
Natural Language Processing
SaaS
$9M02 Feb 2021 California, United States

Electronics
Manufacturing
Robotics
Transportation
$6M13 Oct 2020 Fort Worth, Texas, United States
News
Xilis Raises $70 Million Series A Financing to Advance Diagnostic and Drug Discovery and Development Platform Leveraging Proprietary MicroOrganoSphere™ Technology

– Xilis, Inc. announced the close of a $70m Series A financing.
– The round was led by Mubadala Capital and joined by new investors including GV, LSP, Catalio Capital Management, and Duke Angel Network.
– Current investors Felicis Ventures, Two Sigma Ventures, Pear VC, KdT Ventures, and Alix Ventures also participated.
– Xilis is based on decades of biomedical, oncology, and stem cell research by its three co-founders.
– Dr. Clevers, a Breakthrough Prize winner, is the inventor and pioneer of the organoid technology.
– Dr. Shen and Dr. Hsu are accomplished engineering and medical professors at Duke University and experts in precision medicine.

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Total investments 42
Average round size 8M
Rounds per year 4.67
Peak activity year 2015
Lead investments 3
Follow on index 0.19
Exits 3
Group Appearance index 0.81

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Xilis

Biotechnology
Health Care
Health Diagnostics
Life Science
Pharmaceutical
$19M13 Jul 2022 Durham, North Carolina, United States

inSomaBio

Biopharma
Biotechnology
Life Science
$1M01 Jan 2022 Durham, North Carolina, United States

Sparta Biomedical

Fitness
Health Care
Wellness
$5M14 Dec 2021 Madison, Wisconsin, United States

Embrace

Analytics
Developer Tools
Enterprise Software
Information Technology
Mobile Apps
Productivity Tools
SaaS
Software
$45M20 Oct 2021 California, United States

Xilis

Biotechnology
Health Care
Health Diagnostics
Life Science
Pharmaceutical
$70M08 Jul 2021 Durham, North Carolina, United States

Realtime Robotics

Industrial Automation
Information Technology
Robotics
$31M03 Jun 2021 Boston, Massachusetts, United States

Otter.ai

Artificial Intelligence
Collaboration
Consumer Software
Enterprise Software
Information Technology
Mobile
$50M25 Feb 2021 California, United States

Artificial Intelligence
Computer Vision
Machine Learning
Natural Language Processing
SaaS
$9M02 Feb 2021 California, United States

Electronics
Manufacturing
Robotics
Transportation
$6M13 Oct 2020 Fort Worth, Texas, United States
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