Disruptive Materials, a spinout of Uppsala University that has developed a material that makes drugs soluble, has closed a Skr30m ($3.5m) in series A funding. The company closed the round in July, but did not reveal the investment until now. It has not named the investors in the round. Disruptive Materials was previously awarded Technology of the Year in 2014 by GUV.
Chicago University backed a $1m seed round on Tuesday for US-based Explorer Surgical, developer of intraoperative workflow management tool for surgery. The university invested through its Innovation Fund, which backs startups with a connection to the institution – Explorer Surgical was co-founded by Chicago University’s General Surgery resident Marko Rojnica, Booth School of Business alumna Jennifer Fried and surgeon Alex Langerman.
Karolinska Development, the commercialisation firm of Karolinska Institute, Almi Invest and Chalmers Ventures took part in a Skr23.8m funding round for Sweden-based biomaterials firm Promimic, according to ArcticStartup. The company produces surface technology to increase the anchoring strength and integration with surrounding tissue of medical implants.
Cambridge University’s legal documents analytics spinout Luminance attracted an undisclosed amount from investment fund Invoke Capital on Wednesday. Luminance uses artificial intelligence to analyse legal documents the same way a human researcher would.
Keith, a spinout of the Rutherford Appleton Laboratory at the Science and Technology Facilities Council, closed a £1.4m ($1.8m) funding round on Wednesday. The round was led by Longwall Ventures with participation from the Angel CoFund, Rainbow Seed Fund, Wren Capital and assorted angel investors. Keit is developing spectrometers without any moving parts that directly measure molecular bonds and are able to determine the components and their concentration of a fluid.
