Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Multi-university venturing fund Uniseed has backed Australia-based smart helmet developer Forcite in an AUD$1.2m ($900,000) round also involving Atlas Advisors Australia. Forcite has started mass production of a motorcycle helmet equipped with a camera and computer vision software to alert the rider to hazards in their surroundings. The money is set to fund Australian distribution of Forecite’s product, and the company plans to seek series A funding later in 2020 in a bid to enter European markets. Uniseed led a $566,000 round for Forcite in February 2019, adding to a total of about $2m that the company had raised previously. (backlog to March 2020)
Germany-based lidar technology developer Blickfeld has closed a series A round of undisclosed size featuring Unternehmertum Venture Capital Partners, the venture unit aligned to Technical University of Munich’s tech transfer office, Unternehmertum. Tyre and vehicle parts producer Continental led the round through its corporate…
