Investments
17Portfolio Exits
4About Duke Angel Network
The Duke Angel Network (DAN) is uniquely dedicated to connecting, supporting, and cultivating the Duke entrepreneurial community. In addition to providing capital, we actively match Duke alumni expertise with portfolio companies to drive growth.
Duke Angel Network Headquarter Location
140 Science Drive Suite 102
Durham, North Carolina, 27708,
United States
Latest Duke Angel Network News
Jul 9, 2021
By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team Xilis, a biotechnology startup based in North Carolina, announced a raise of $70 million in Series A funding on July 8th. The funding round was led by Mubadala Capital and counted with the participation of new investors like GV (formerly Google Ventures), LSP (one of Europe’s largest healthcare investment firms), Catalio Capital Management, and Duke […] / share Published on July 9, 2021 The funding round was led by Mubadala Capital and counted with the participation of new investors like GV (formerly Google Ventures), LSP (one of Europe’s largest healthcare investment firms), Catalio Capital Management, and Duke Angel Network. Prior to the round, existing investors included Felicis Ventures, Two Sigma Ventures, Pear VC, KdT Ventures, and Alix Ventures. By studying the miniature tumor, oncologists can make better decisions when it comes to treating cancer. Xiling Shen, Ph.D., Founder and Chief Executive Officer of Xilis, referred to the startup’s objective and the role investors play in it by stating: “Our vision is to transform cancer care in diagnostics and reshape drug development by providing technology for rapid therapeutic profiling. The support provided by these world-class investors is an important milestone for our journey to transform cancer care and dramatically improve patient survival by enabling personalized precision oncology and bringing transformative medicines to patients faster and with higher success rates.” Xilis was founded back in 2019 by Dr. Xiling Shen, Dr. David Hsu, and Dr. Hans Clevers, combining decades of experience in biomedical, oncology, and stem cell research. Dr. Clevers, who has been the winner of several prizes in the field of medicine, was the inventor of organoids more than 10 years ago. According to a statement, proceeds from the funding round will go to further advance Xilis’ MOS technology, expand its Artificial Intelligence-driven capabilities, fund clinical studies for diagnostic development, and partner with biopharma companies to validate the use of MOS. The biotechnology startup believes that its technology can help patients avoid the drawbacks of unnecessary oncology treatments by facilitating the diagnosis and planning of the best treatment for each case. Tags
Duke Angel Network Investments
17 Investments
Duke Angel Network has made 17 investments. Their latest investment was in Sparta Biomedical as part of their Seed on December 12, 2021.
Duke Angel Network Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/14/2021 | Seed | Sparta Biomedical | $5M | Yes | Nanosha, and Undisclosed Angel Investors | 4 |
7/8/2021 | Series A | Xilis | $70M | Yes | 22 | |
6/3/2021 | Series A - II | Realtime Robotics | $20M | No | 3 | |
10/13/2020 | Seed VC - II | |||||
4/9/2020 | Series A |
Date | 12/14/2021 | 7/8/2021 | 6/3/2021 | 10/13/2020 | 4/9/2020 |
---|---|---|---|---|---|
Round | Seed | Series A | Series A - II | Seed VC - II | Series A |
Company | Sparta Biomedical | Xilis | Realtime Robotics | ||
Amount | $5M | $70M | $20M | ||
New? | Yes | Yes | No | ||
Co-Investors | Nanosha, and Undisclosed Angel Investors | ||||
Sources | 4 | 22 | 3 |
Duke Angel Network Portfolio Exits
4 Portfolio Exits
Duke Angel Network has 4 portfolio exits. Their latest portfolio exit was SaaSOptics on April 13, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/13/2022 | Merger | 2 | |||
Date | 4/13/2022 | |||
---|---|---|---|---|
Exit | Merger | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 2 |
Duke Angel Network Team
2 Team Members
Duke Angel Network has 2 team members, including former Managing Director, John Glushik.
Name | Work History | Title | Status |
---|---|---|---|
John Glushik | Managing Director | Former | |
John Glushik | Managing Director | Former |
Name | John Glushik | John Glushik |
---|---|---|
Work History | ||
Title | Managing Director | Managing Director |
Status | Former | Former |
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