Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Output Sports, an Ireland-based sports technology developer founded out of University College Dublin (UCD), closed a €1.3m ($1.5m) seed round yesterday led by the spinout-focused University Bridge Fund, managed by Atlantic Bridge. The round featured enterprise support agency Enterprise Ireland, Elkstone Partners and assorted angel investors. Founded in 2018, Output Sports has developed a wearable sensor that tests various aspects of athletic performance using a combination of advanced signal processing and machine learning. The seed funding will drive its commercial strategy and recruitment across R&D and technology. Output Sports’ co-founders include Brian Caulfield, dean of physiotherapy at UCD’s School of Public Health.
Tuck Social Venture Fund, the student-run VC vehicle for Dartmouth College’s Tuck School of Business, yesterday invested $25,000 in US-based civic campaigning tool developer New/Mode as part of a $1.5m funding round. The deal was filled out by social impact company Omidyar Group’s Luminate unit, New Media Ventures, Higher Ground Labs and Rhiza Capital. New/Mode runs an online platform that allows civic campaign groups to target policymakers and send out communications to their supporters. New/Mode appears to have started as an offshoot of Canada-based open internet campaign group OpenMedia before relocating south to the US capital of Washington DC.
