Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
RFPi, a US-based medical imaging technology spinout of East Carolina University, has collected $2m toward a targeted $7.2m round from undisclosed investors, according to a regulatory filing. RFPi is developing a non-invasive medical imaging camera that would give real-time visual feedback on the patient’s blood circulation and tissue perfusion – the passage of fluid to organs and tissues – based on calculations from low-force lasers and computer vision algorithms. The funding will go to commercial expansion following regulatory clearance from US regulator Food and Drug Administration in December 2018. Regulatory filings suggest the spinout had raised a total of $7.6m in equity funding and debt over three previous rounds from 2015 until 2019.
Harvard University launched US-based DNA nanotechnology spinout Torus Biosystems on Friday to commercialise technology from its Wyss Institute for Biologically Inspired Engineering. Torus Biosystems aims to deliver nucleotide-driven diagnostic tests capable of discerning pathogens more precisely…
