VitriCell, a Belgium-based cell preservation technique developer spun out from University of Liège, has closed a €1m ($1.2m) series A round featuring two vehicles backed by the university.
The round included $872,000 in equity provided by Spinventure, University of Liège’s seed fund, and Gesval, the institution’s tech transfer arm. Individual investors included Jean-Pierre Delwart and affiliates of the Be Angels syndicate.
The remaining tranche of approximately $367,000 was made up of loans and grants from the regional government of Wallonia…
