Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Phasecraft, a UK-based quantum algorithm developer exploiting research from University College London and University of Bristol, has closed a £3.7m ($4.9m) seed round co-led by LocalGlobe, Episode 1 and unnamed existing investors. The spinout has entered a partnership with the R&D arm of chemicals and sustainable technology producer Johnson Matthey to explore quantum applications in materials science. Phasecraft had already obtained $950,000 in a May 2019 pre-seed round co-led by UCL Technology Fund, the university venture fund of UCL, in addition to Parkwalk Advisors, a subsidiary of commercialisation firm IP Group, and the publicly-owned London Co-Investment Fund.
Dreamdata, a Denmark-based business-to-business income analysis software developer, has closed a €3.6m ($4.4m) seed round featuring PreSeed Ventures, the venture firm owned by Technical University of Denmark, EU-Startups reported yesterday. The round was co-led by InReach Ventures and Crowberry Capital and also included Seedcamp and Futuristic VC. Dreamdata has built data analytics software to help track revenue streams from business-to-business income rather than consumer turnover as with competing products. PreSeed Ventures, Futuristic VC, Seedcamp, Nordic Web Ventures and private investor David Helgason had combined to invest $535,000 in Dreamdata in September 2019.
Valuedesk, a Germany-based business expenditure monitoring software producer, has raised €3.2m ($3.9m) in a seed round featuring Unternehmertum Venture Capital Partners, the VC firm allied to Technical University of Munich, in addition to assorted angel investors. The funding will go to Valuedesk’s growth plans and help deliver more product features for its technology. Valuedesk expects to seek series A funding within the next two years.
Nearby Computing, a Spain-based network orchestration and automation technology developer aligned to Polytechnic University of Catalonia (UPC), has attracted around €2m ($2.4m) in a round co-led by telecoms firm Cellnex Telecom, computer and smartphone manufacturer Lenovo and Elewit, a subsidiary of electricity grid and infrastructure operator group Red Eléctrica. The funding is intended to grow Nearby Computing’s business with a focus on edge computing and 5G networking orchestration.
Trellis Data, an Australia-based provider of machine learning technologies for enterprises and government departments, has collected A$3m ($2.7m) in funding from Main Sequence Ventures, the venture capital firm formed by research organisation Csiro, according to the Australian. Trellis Data’s machine learning platform provides data insights in a range of government and enterprise sectors without requiring special deep learning code.
