Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Pale Blue, a Japan-based developer of propulsion machines for microsatellite spun out of University of Tokyo, has raised ¥70m ($670,000) of seed capital from Mitsui Sumitomo Insurance Venture Capital, the venture capital subsidiary of insurer Mitsui Sumitomo Insurance Group, and Incubate Fund, which were joined by unnamed banks that supplied debt financing. The company’s overall funding has reached $1.3m, having been incubated by UTokyo IPC 1st Round in April this year.
Oterlu, a Sweden-based provider of social interaction moderating…
