Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Hysata, an Australia-based electrolyser production technology spinout of University of Wollongong, has raised A$5m ($3.9m) in funding led by commercialisation firm IP Group, with participation from CEFC, a state-owned corporation whose mission it is to reduce carbon emissions in Australia. CEFC invested through the Clean Energy Innovation Fund, marking the first time the organisation has invested in a hydrogen technology.
Aevice Health, the Singapore-based developer of a wearable respiratory monitor spun out of Nanyang Technological University, has raised S$2.8m ($2.1m) in a pre-series A round backed by pharmaceutical wholesaler Toho Holdings, according to e27. The corporate was joined by Pureland Group, Silicon Solutions Partners, AIP Ventures and Seeds Capital.
Anaphite, a UK-based developer of a technique to incorporate graphene into lithium-ion batteries based on research at University of Bristol, has raised £1.2m ($1.7m) in a funding round led by Bristol Private Equity Club, with participation from Zero Carbon Capital, SyndicateRoom and individual investors. Anaphite, a member of SETsquared’s Scale-Up programme, has developed technology that improves the longevity of batteries while also reducing charging times. It will use the money to further develop the technology.
Zhongke Fanyu, a China-based natural language processing spinout of Chinese Academy of Sciences’ Institute of Automatio, has secured an eight-figure series A round (RMB10m = $1.5m) from Neovision Capital and JC Capital, according to KrAsia.
QuicksortRx, a US-based company looking to reduce medication costs that was spun out of Medical University of South Carolina, has closed a funding round of undisclosed size thanks to unnamed investors. Business executives Shawn Jenkins and Steve Swanson have been appointed to the board of directors in conjunction with the round to lend their expertise to QuicksortRx.
– Additional reporting by Robert Lavine