Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Promethean Particles, a UK-based University of Nottingham spinout targeting development of a continuous reactor for high-specification nanomaterials, obtained £1.3m ($1.6m) yesterday in a round involving the university. Private equity firm Foresight led the transaction with contributions from the government-backed Midlands Engine Investment Fund, regional development VC vehicle East Midlands Early Growth Fund and undisclosed existing investors. Promethean Particles was founded in 2007 and will use the fresh funding in a bid to employ 20 additional workers over the next three-to-five…
