Daily deal net: June 3, 2020

Kumovis, a Germany-based 3D printing equipment spinout of Technical University of Munich focused on medical clients, has secured €3.6m ($4m) of series A capital from investors including public-private partnership High-Tech Gründerfonds. The round also included thermoplastic film producer Renolit and Solvay Ventures, the corporate venturing fund for chemicals firm Solvay, as well as Ffilipa Venture Capital. Founded in 2017, Kumovi has built a 3D printer specifically tailored to making a variety of thermoplastics in decentralised clean rooms where medical products are developed. The aim is to create a swifter supply chain for thermoplastic medical parts. The series A cash will enable Kumovi to refine its 3D printing technology while targeting additional, unspecified markets.
Re-Vana Therapeutics, a UK-based chronic eye disease treatment producer spun out of Queen’s University of Belfast (QUB), has secured $3.3m of seed capital from ophthalmic-focused venture funds ExSight, Visionary Ventures and InFocus, the Irish Times reported yesterday. The amount represents a final close and was raised over two tranches, including an initial $2.1m close led by ExSight with participation from QUB’s TTO – Qubis – as well as InFocus Capital. Visionary Ventures led the second tranche. The cash will go to developing Re-Vana’s product pipeline, comprising biodegradable medicines for chronic eye conditions including glaucoma and age-related macular degeneration. Re-Vana Therapeutics had already obtained $1.6m of seed funding from unnamed backers in 2017, according to SyncNI.
Floating Point Group (FPG), a cryptocurrency trading platform development framework spun out of Massachusetts Institute of Technology, has closed a $2m seed round featuring AngelList, Pif.vc, BoxOne Ventures, Seabury Global Markets and assorted angel investors including Steve Kokinos.  FPG offers an application programming interface through which software developers can build cryptocurrency trading exchanges that account for real-time and historical pricing data as well as the ability to execute trades according to available currencies on each market. The seed money has been allocated to an expansion of FPG’s engineering staff and to pursue additional regulatory licences for its business in the US.
Enian, a UK-based renewable energy big data analytics spinout of University of Edinburgh, has obtained $1.5m in a pre-seed round featuring Data Lab, an innovation hub based at the university. The round also featured government research grant board Innovate UK, energy and commodities trading firm Vitol and Open Data Institute, the nonprofit initiative co-founded by Sir Tim Berners-Lee, inventor of the world wide web. The proceeds from the round will go to bolstering Enian’s engineering and business development staff as it looks toward launching its software in European, US and Asian markets.
Manus Neurodynamica, a UK-based Parkinson’s disease diagnostics pen developer, has closed a £750,000 ($944,000) round featuring University of Edinburgh’s venture arm Old College Capital, Insider reported today. The deal was led by Par Equity with additional participation from Scottish Investment Bank, part of government-owned economic development agency Scottish Enterprise. Manus will spend the funding on product development and recruitment with a view to commencing fresh clinical trials which help broaden out its offering. Its technology combines a sensor-driven pen with analytical software to determine slight limb movements symptomatic of early-stage Parkinson’s. The product has been through initial clinical trials and is already being used with healthcare providers in the UK and the Netherlands.
Shavatar, a Belgium-based fashion e-commerce avatar platform spun out of University of Antwerp and research institute Imec, has received €200,000 ($225,000) from undisclosed investors, NewswireToday reported yesterday. Shavatar’s software enables customers of fashion e-commerce brands to design a personal 3D avatar to dress in virtual facsimiles of the clothes they intend to buy in order to gauge the right size. E-commerce clients then receive data on each customer’s body shape, helping to inform future commercial decisions. Shavatar emerged from the work of Femke Danckaers, then a post doctorate researcher in the Imec-sponsored Vision Lab at University of Antwerp’s Department of Physics.
Old College Capital also backed a £520,000 ($655,000) round for Aveni, a UK-based developer of video conferencing productivity software founded by University of Edinburgh faculty, Insider wrote today. The round was led by angel syndicate Tricapital and backed by both Scottish Investment Bank and Wallace Equity.  Founded in 2018 as AI Hatch, Aveni develops natural language processing-based video conferencing software for the financial and professional services sectors. The software provides functionality such as transcription, fact finding and customer relationship management intended to help personnel improve communications with their customers.  Aveni will use the capital to expand its team with a focus on hiring talent in the University of Edinburgh ecosystem. Edinburgh Innovations, the university’s tech transfer office, has supported the company previously.
Contextflow, an Austria-based radiology imaging scan analysis software spinout of Medical University of Vienna, Technical University of Vienna and EU-wide biomedical research project Khresmoi, has obtained an undisclosed amount from IST Cube, Novacapital, Apex Ventures, Nina Capital and Crista Galli Ventures. Contextflow has developed algorithmic models which identify potential symptoms of disease from patient imaging scans in order to assist radiologists with diagnosis and treatment. The company’s offering includes a coronavirus-specific diagnostics product, and is already used by certain Europe-based hospitals. Contextflow has now raised a seven-figure euro sum (€1m = $1.1m) since it was founded in 2016, having previously been backed by IST Cube, Apex Ventures, Nina Capital and Crista Galli Ventures.