Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Phospholutions, a US-based sustainable fertiliser developer spun out of Penn State University, raised up to $1.5m on Thursday in a seed round co-led by university-affiliated venture capital fund 1855 Capital and Maumee Ventures, the strategic investment unit of agribusiness The Andersons. The spinout is working on technology to reduce the environmental impact of phosphorus fertiliser. The funding will support the launch of a soil-enhancement product known as RhizoSorb.
Raptor Maps, a US-based solar farm management technology producer based on research at Massachusetts Institute of Technology, has obtained an undisclosed amount of series A capital from investors including Congruent Ventures, the venture capital firm backed by University of California. The round was led by Blue Bear Capital and also included Powerhouse Ventures and Y Combinator, which had incubated the company. Founded in 2015, Raptor develops artificial intelligence software to use drones for the management of solar farms, verifying systems and…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
