Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Amplified Sciences, a US-based disease diagnostics tool developer, has received almost $1m in a seed round backed by vehicles for Purdue University and Indiana University, Indiana Business Times reported on Friday. Purdue Ventures and IU Philanthropic Venture Fund were joined by Golden Seeds, Elevate Ventures, Gravity Ventures and angel investors including affiliates of Houston Angel Network and St. Louis Arch Angels. Founded in 2016, Amplified is prototyping biomarker-driven diagnostic tools for detecting serious diseases such as pancreatic cancer. It plans to clinically validate its product with the funding, which follows a total of $500,000 from Purdue Foundry Investment Fund in 2018 and 2020. It is expected to aid the company’s efforts to clinically validate its use-case.
Guvi, an India-based online IT training provider incubated by Indian Institute of Technology Madras and Indian Institute of Technology Ahmedabad, has obtained Rs60m ($790,000) in pre-series A funding from venture fund Education Catalyst Fund, BWEducation reported yesterday. It offers computer programming courses through an online portal that can be accessed in one of India’s regional languages in addition to English, and says it has witnessed increased demand from working professionals looking to upskill amid the Covid-19 pandemic. Impact investment firm Gray Matters Capital supplied the company with $14,300 of seed funding through its EdLabs unit in April 2019, according to TechCircle.