A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.
LÜM, a US-based music technology developer backed by Wisconsin Alumni Research Foundation (Warf), shut down last week. The company had planned to relaunch its offering using non-fungible tokens next month, according to an announcement in late 2021, but the pivot failed. LÜM raised $3m in August 2020 in a round led by Warf, with participation from unnamed institutional and private investors. Altogether, the company had secured $5m in pre-seed and seed financing.
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
