Immersive VR Education, a virtual reality technology developer spun out of Waterford Institute of Technology’s Telecoms Software and Systems Group, has collected €1m ($1.1m) in funding from investors including Irish state-owned enterprise support agency Enterprise Ireland, the Irish Times wrote yesterday. The round was co-led by Kernel Capital, through the Bank of Ireland Kernel Capital Venture Funds and Suir Valley Ventures. The spinout will use the cash to increase its staff from 17 to 30 by the end of the year. Immersive VR Education has developed a virtual reality platform for use in secondary and tertiary education, research centres and corporate training.
Upside Biotechnologies, a New Zealand-based regenerative medicine company, has raised NZ$2.3m ($1.6m) in a series A round that was led by ICE Angels Nominees, with participation from Auckland University’s Inventors Fund, managed by Auckland UniServices, state-owned New Zealand Venture Investment Fund and Cure Kids Ventures. The company is a spinout of Auckland University and is based on research by professor Rod Dunbar.
