Purdue Research Foundation
Overview
Purdue Research Foundation is a private, nonprofit foundation established in 1930 to advance the mission of Purdue University. The foundation manages gifts, endowments, intellectual property, and real estate, and actively promotes entrepreneurial activities. Through arms like Strategic Ventures (formerly Purdue Ventures), it invests in early-stage, Purdue-connected startups in sectors including agriculture, deep tech, digital tech, life sciences, and mobility. The foundation was an early investor in Adipo Therapeutics, a company developing treatments for obesity and Type 2 diabetes that originated from Purdue University research.
Portfolio Companies
5
Website
prf.orgInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| IdentifySensors Biologics | Mar 2025 | Series A | Co-investor |
| Adipo Therapeutics | Jan 2024 | Seed | Co-investor |
| Adipo Therapeutics | Apr 2023 | Seed | Co-investor |
| Novilytic | May 2022 | Seed | Co-investor |
| Adipo Therapeutics | Jan 2022 | Seed | Co-investor |
Key People
Bill Elmore
Board of Directors
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.