Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Canopy, a US-based sales team insight software developer, has secured $2m of seed capital from a consortium including IU Ventures, the innovation support arm of Indiana University, Inside Indiana Business reported yesterday. High Alpha Capital and Elevate Ventures co-led the round with additional backing from Service Provider Capital. Founded in 2019 as an offshoot of High Alpha’s startup studio, Canopy has developed machine learning-driven software that provides real-time analytics to boost the performance of sales teams. The cash is set to aid Canopy’s product development and fund recruitment across its internal sales and marketing teams.
HMCare, a Switzerland-based surgical mask producer spun out of EPFL, has raised CHF1m ($1.1m) of seed funding from undisclosed investors, TechCrunch reported yesterday. The spinout is working on a bacteria and virus-resistant mask composed with a transparent, flexible textile that nevertheless meets rigorous medical standards. The mask, called HelloMask, could launch at the beginning of 2021 for medical professionals, with a consumer version under consideration for a later date.
