Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Apromore, an Australia-based enterprise process mining software developer partly based on University of Melbourne research, has obtained A$6.8m ($4.7m) in a round co-led by business process consultancy and software developer GBTec, University of Melbourne and consulting and technology firm Leonardo, according to the Australian Financial Review (AFR). Apromore offers enterprise software to manage process mining techniques in which business working procedures are enhanced using data from IT log files. The capital will go to building artificial intelligence-based tools such as robotic process mining and automated decision optimisation, under a strategic partnership with GBTec. Apromore’s co-founders include Marcello La Rosa and Marlon Dumas, professors of information systems with University of Melbourne and University of Tartu respectively. Queensland University of Technology also contributed to Apromore’s founding research, according to the AFR.
Wisdom Academy, a Japan-based school operator, has raised ¥235m ($2.2m) from university venture fund Tokyo University of Science (TUS) Innovation Capital and VC firm Global Catalyst Partners Japan. The company previously obtained $1.4m TUS Innovation Capital and TUS Investment Management’s fund TUS Capital, as well as an unspecified fund underwritten by education management services provider Kids Learning Network, in October 2019.
— Additional reporting by Liwen-Edison Fu
