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

Q-Ctrl, an Australia-based quantum software developer spun out of University of Sydney, has received $25m in a series B round backed by Main Sequence Ventures, the venture fund formed by CSIRO, and led by Airbus Ventures, the corporate venturing arm of aerospace and defence company Airbus, TechCrunch reported yesterday. The round also attracted Ridgeline Partners, Main Sequence Ventures, Horizons Ventures, Square Peg Capital, Sierra Ventures, DCVC, Sequoia Capital China and In-Q-Tel. The latter previously supplied funding as part of a strategic partnership agreement in April 2020, while Main Sequence Ventures had already been part of a $15m round in 2019. CareAlign, a US-based collaborative task management platform for clinicians spun out of University of Pennsylvania and backed by commercialisation firm IP Group, has procured $2.3m in a seed extension, according to PhilInno. The round was backed by Hofmann Associates, Gaingels, Harvard Business School Alumni Angels Association, Boston Millennia Partners’ Founders Fund, Tech Council Ventures, DreamIt Ventures and Front Row Fund as well as two unnamed healthcare providers. CareAlign has now raised $4.5m altogether since it was founded as TrekIT in 2019. Tech Council Ventures led a $1m round in July 2020, with participation from IP Group, Boston Millennia Partners Founders Fund, Front Row Fund, DreamIt and Ben Franklin Technology Partners of Southeastern PA. IP Group and DreamIt had already supplied $450,000 in pre-seed financing in October 2019. Alumnote, a Japan-based university fundraising and alumni network services provider, has received an undisclosed sum from University of Tokyo’s Edge Capital and Innovation Platform units. – Additional reporting by Liwen-Edison Fu

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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).