DURHAM, NC—Lolli, a company that deals in Bitcoin rewards, has raised $5 million from multiple investors, including Seven Seven Six, the VC fund headed by Reddit founder (and husband of tennis great Serena Williams) Alexis Ohanian.
MINNEAPOLIS, MN—Niron Magnetics, which develops permanent magnets free of rare earths, raised $21.3 million in funding. The company will use the funding to build its pilot production facility in Minnesota and accelerate the development of its Clean Earth Magnet™ technology.
ST. LOUIS, MO—Washington University in St. Louis received over $740,000 to develop an “auto destruction switch” for genetically engineered microorganisms and a system to ensure lab observations can match field predictions.
WEST LAFAYETTE, IN—Purdue University is investing $41 million to build a state-of-the-art hypersonic research facility. The planned 65,000-square-foot Hypersonic Applied Research Facility will house two wind tunnels, including a more advanced hypersonic tunnel.
LANSING, MI—The Michigan Strategic Fund has approved a grant amendment of $6.5 million for Michigan State University Foundation to provide early-stage funding to help Michigan high-tech startups gain greater access to support for technologies to reach the commercial market.
