Imperial Innovations, the commercialisation firm spun out of Imperial College London, contributed to a £2.8m ($3.5m) funding round for UK-based consumer rights website Resolver, according to Startups.co.uk. Draper Esprit also took part in the round. Resolver assists people with complaints procedures with companies, brands and organisations. The platform currently counts 30,000 companies and has grown to 556,000 users.
Victoria University of Wellington spun out EdPotential on Monday. The edtech spinout has attracted an initial NZ$450,000 ($330,000) from Powerhouse, subject to certain milestones being met. EdPotential is working on a software-as-a-service platform that helps schools manage assessment data, identify gaps and strengths and improve student achievement. The research was conducted by Victoria University’s Faculty of Education and Macleans College Auckland.
Powerhouse also backed Objective Acuity, a spinout of Auckland University, on Wednesday. The spinout is working on a quantitative test for visual acuity that would measure a patient’s eyesight objectively without requiring their subjective input. It has received NZ$450,000 after meeting all the required milestones.
Kinesis Health Technology, a health technology spinout of University College Dublin, closed its inaugural funding round on Wednesday, obtaining €590,000 from a consortium that included Enterprise Ireland, the government-owned enterprise support agency, and private investors. Kinesis will now boost its global sales efforts for its health diagnostic devices.
Cambridge Innovation Capital, the investment fund of Cambridge University, has led a £2.6m ($3.3m) funding round for Undo Software, which is working on technology that enables developers to run code in a secure environment, record and rewind it to detect bugs and problems.
