Every day, Global University Venturing rounds up investments from across the university innovation ecosystem in its deal net.
Bramble Energy, a UK-based hydrogen fuel cell technology spinout of University College London (UCL) and Imperial College London, picked up £35m ($47.5m) in series B financing backed by UCL Technology Fund as well as commercialisation firm IP Group and its fund management subsidiary Parkwalk Advisors. The round was led by HydrogenOne Capital Growth and also included BGF. Bramble previously secured $6.5m in its series A round featuring UCL Technology Fund, IP Group, Parkwalk Advisors and led by BGF in 2020.
First Light Fusion, a UK-based fusion energy technology spinout of University of Oxford, has closed a $45m series C round backed by the university’s investment company Oxford Science Enterprises and commercialisation firm IP Group. The round also attracted internet group Tencent, pension fund Hostplus and investment firm Braavos Capital. First Light Fusion previously raised $25m in a December 2020 round from Oxford Science Enterprises, IP Group and Hostplus.
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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).
