Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Xampla, a UK-based producer of plant protein-derived materials spun out of University of Cambridge, has closed a £6.2m ($8.4m) seed round led by Horizons Ventures that featured Cambridge Enterprise, the institution’s tech transfer office, in addition to Amadeus Capital Partners and Sky Ocean Ventures, the impact-focused investment arm of media and broadcasting group Sky. Founded in 2018, Xampla is looking to produce alternatives to microplastics and single-use plastics in a bid to reduce ocean water pollution and injuries to aquatic creatures. The funding will accelerate the go-to-market pathway for its plant protein materials, which it says performs like synthetic polymers.
Elute Intelligence Holdings, a UK-based advanced document search tool provider, has secured £250,000 ($338,000) from private investors in exchange for a 10% equity stake. Existing backer Frontier IP said Elute was valued at $3.4m following the deal, and the commercialisation firm now holds a 41% stake. The funding will…
