Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Sofant, a UK-based 5G satellite communications technology spinout of University of Edinburgh, has obtained £2.3m ($3m) in a series A round backed by Old College Capital, the university’s VC arm. The round was led by EMV Capital, the investment firm set to merge with NetScientific, and also included Scottish Investment Bank, part of government-owned development agency Scottish Enterprise, in addition to Kelvin Capital and Wealth Club. Sofant hopes to deliver radiofrequency microelectromechanical systems to reduce the power consumption of…
