Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Firefly, a US-based provider of digital billboards for ridesharing vehicles that is backed by Stanford University-aligned Stanford-StartX Fund, has secured AED55m ($15m) in funding from Multiply Marketing Consultancy, a subsidiary of diversified holding firm PAL Group of Companies division International Holding Company. Multiply previously invested an undisclosed amount in May this year. Stanford-StartX had taken part in a $21.5m seed round in 2018 before GV, an early-stage investment subsidiary of technology conglomerate Alphabet, led a $30m series A…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).