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

ProVerum, an Ireland-based benign prostatic hyperplasia therapy spinout from Trinity College Dublin, secured €30m ($34m) in a series A round yesterday. The round was co-led by Gilde Healthcare Partners and Lightstone Ventures, with commitments from unnamed existing backers. The spinout had raised $4.2m in a seed round involving University Bridge Fund, the spinout-focused venture fund managed by Atlantic Bridge, in 2018. DeepScribe, a US-based developer of an artificial intelligence platform to automate medical notetaking based on research at University of California, Berkeley, picked up $30m in a funding round led by Index Ventures yesterday. The round also included Bee Partners, Stage 2 Capital, 1984 Ventures and angel investors Alex Wang and Dylan Field. University venture fund Berkeley SkyDeck Fund was among the investors in DeepScribe’s $5.2m seed round in May 2021. Ubiquitous Energy, a US-based solar technology developer based on research at Massachusetts Institute of Technology and Michigan State University (MSU), closed a $30m series B round featuring Red Cedar Ventures, the venture fund of university endowment MSU Foundation. The round included window and door manufacturer Andersen, oil, gas and mining group Eneos, superannuation fund Hostplus, venture fund Safar Partners and Riverhorse Investments. Ubiquitous Energy has now raised $70m in funding altogether, it said, having previously raised $8m in funding from Eneos in March 2021. Estie, a Japan-based real estate data analysis platform, has raised ¥1bn ($8.7m) from University of Tokyo Edge Capital Partners, the venture capital affiliate of University of Tokyo, and education services provider Globs subsidiary Globis Capital Partners. EarlyBird Education, a US-based developer of a game-based literacy assessment, attracted $3.5m in funding yesterday led by Lobby Capital. The company concurrently revealed a $1.5m round raised in early 2021 from Massachusetts Institute of Technology’s Solve Innovation Future, Reach Capital, Amplify Capital and Flare Capital Partners. – Additional reporting by Liwen-Edison Fu

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
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).