Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
MeduSoil, a Switzerland-based bio-materials spinout of EPFL, has received CHF2m ($2.3m) from investment bank Schwartzkopff Partners, real estate investment trust manager Realstone Holding and consultancy Veloxis, VentureKick reported yesterday. MeduSoil has devised a bio-material that acts as a ballast for building projects, stabilising the foundations into the underlying soil. The material is pitched as an alternative to existing petrochemical and concrete-based products.
DePoly, a Switzerland-based plastic recycling spinout of EPFL, has secured CHF1.3m ($1.5m) in a round led by Wingman Ventures and filled out by Angel Invest Ventures, Tiny VC and two unnamed executives from the chemicals industry. DePoly has created a depolymerisation technology to recycle polyethylene terephthalate plastic at room temperature. The funding will enable DePoly to build a pre-demonstration-stage recycling plant powered by its technology.
Athena Therapeutics, a US-based oncology spinout of Yale University, has closed an inaugural round of undisclosed size involving Connecticut Innovations, the strategic venturing arm of Connecticut state, and growth equity fund HighCape Capital. Athena proposes to target metabolic defects in cancerous tumours to identify drug candidates for multiple classes of the disease. Athena Therapeutics was co-founded by Ranjit Bindra, a professor at Yale University’s School of Medicine.
