Liverpool ChiroChem (LCC), a UK-based chemicals producer spun out from University of Liverpool, has raised £1.5m ($2.1m) in a funding round co-led by the UK government-backed Northern Powerhouse Investment Fund and Praetura Capital, with participation from Deepbridge Capital, according to Bdaily. LCC will use the cash to boost its R&D and sales teams and to increase its production capabilities in China. The company previously secured $1.2m in funding in 2015.
Investment firm Parkwalk Advisors has backed Boxarr, a UK-based analytical and data visualisation technology spinout from University of Southampton, through its Parkwalk Opportunities Fund and University of Bristol Enterprise Fund I. Commercialisation firm IP Group also took part in the round, the size of which has not been revealed. IP Group and Parkwalk previously also supplied $3m in funding in 2015.
Zolitron Technology, a Germany-based developer of energy autonomous and cognitive sensors spun out from Ruhr-University Bochum, has raised an undisclosed amount from private-partnership High-Tech Gründerfonds (HTGF) and angel investor Christoph Mause. Zolitron will use the capital to further develop its product and enter the market. The spinout had been incubated at the university up until this point. Its technology has applications in smart city development.
Soley, a Germany-based data analytics developer that emerged out of Technical University of Munich, has closed a series A round of undisclosed size. The round included HTGF as well as BayBG Bayerische Beteiligungsgesellschaft, Vito Ventures and assorted angel investors. Soley’s technology enables companies to understand and track dependencies between products, suppliers, shopping baskets and consumers.
Eight Roads Ventures, an investment arm of financial services group Fidelity, has led a $2m pre-series A round for InsightFinder, a US-based analytical engine provider for cloud computing based on research at North Carolina State University. The round also featured Propel(x) Network and will be used to increase the spinout’s sales, marketing and customer support teams.
Tocano, a Netherlands-based inkless printing technology developer spun out from Delft University of Technology, has closed a €1m ($1.2m) angel round, TechCrunch reported yesterday. The funding will go towards advancing the spinout’s technology as it gears up to develop its first commercial product. The spinout is currently based in the Yes!Delft incubator and has held initial meetings with strategic investors for its next funding round.
