
Allied Minds, which spun Hawkeye 360 out of Virginia Tech last year, has supported the series A round that may increase to up to $13.8m.
Toronto University spinout Chipcare has obtained an initial $2.8m for the round from unnamed investors.
Greg Peet and Glenn Walsh each donated $700,000 to the fund, which has so far seeded 12 ventures generating combined revenues of $6m in 2016.
The US-based wireless infrastructure technology developer and University of Texas spinout has also named board member Cole Brodman as its new chief executive.
A travel risk-assessment consultancy and a developer of synthetic biological materials were among the startups receiving a total of $35,000 in seed investment from UT.
Edinburgh University spinout FanDuel will merge with daily fantasy sports competitor DraftKings to form an undisputed leader in the sector.
Facebook acquired the face recognition software developer, which spun out of Carnegie Mellon University last year, for an undisclosed sum.
Dalhousie is partnering academic institutions Acadia and NSCAD to launch IdeaHub incubator with the support of a $7m investment from energy provider Emera.