Observed Signal · Apr 19, 2023 · Product Launch · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
IST cube Rebrands as xista Science Ventures Ecosystem
Vienna-based early-stage venture fund IST cube has been renamed xista science ventures as part of a broader rebranding into the "xista" ecosystem built around the Institute of Science and Technology Austria (ISTA). The fund, which reached final closing of €45 million in 2021 from about 30 private and public investors, will serve as the flagship early-stage investor. The umbrella brand also comprises xista innovation, which commercializes ISTA research and builds industry links (including a multi-year research cooperation with Boehringer Ingelheim in medical genomics), and xista science park, a joint venture with ecoplus operating lab and office buildings adjacent to the ISTA campus. The fund supports 14 spin-offs that have collectively raised more than €120 million and employ over 250 people, including cell-therapy startup Sarcura, which raised €7 million in late 2022.
Rebranding of a European science-focused venture capital fund touching AI and deep-tech startups; relevant to the innovation ecosystem but with limited direct impact on the AdTech/MarTech industry.
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Key Takeaways & Evidence Grounding
- IST cube was renamed xista science ventures as part of a new "xista" ecosystem umbrella.
- The first fund, formerly known as IST cube, closed in 2021 with €45 million from about 30 private and public investors.
- Xista science ventures has supported fourteen spin-off companies, which collectively hold more than €120 million in capital and employ over 250 people.
- The xista science park, a joint venture between ISTA and ecoplus, operates two buildings with molecular biology labs adjacent to the ISTA campus.
- Portfolio company Sarcura raised €7 million from existing and new international investors at the end of 2022.
Ontology Mapping & Concepts
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