Innoactive, a Germany-based virtual reality (VR) engine developer founded by a Technical University of Munich (TUM) graduate, raised €4.4m ($5.2m) on Monday in a round led by an affiliate of Unternehmertum, TUM’s tech transfer office.

Unternehmertum Venture Capital Partners was joined in the round by venture capital firm Capnamic Ventures. Innoactive does not appear to have disclosed funding previously, though it did participate in accelerator Boost VC in 2015.

Founded in 2015, Innoactive has created an engine and content management…