Arborlight, a spin-out of the University of Michigan, has secured $500,000 in seed funding as it leaves the institution’s incubator to its own space in Ann Arbor.
The lead investor in the round was the Michigan Pre-Seed Capital Fund, which was joined in participation by a number of Angel Investors.
The firm will use the funding to continue product development of its LED-based lighting, which mimics daylight. It will also be used to hire a small sales team.
Rich Sheridan,…
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Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
