Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
AccelerComm, a UK-based wireless communications technology spinout of University of Southampton, secured £5.8m ($7.4m) yesterday in a series A round involving commercialisation firm IP Group. The round was led by IQ Capital and was also backed by Bloc Ventures. AccelerComm has devised a wireless communications technology to reduce the impact of latency by addressing errors arising from interference and poor signal strength. The spinout was founded by Rob Maunder, a professor of electronics and computer science at University of Southampton. AccelerComm will use the funding to expand its team in support of technology development and growth both in the US and internationally. IP Group invested in AccelerComm when it was founded in 2016 before returning to co-lead a $3.2m round alongside Bloc Ventures in February 2019.
AbFero Pharmaceuticals, a US-based drug developer spun out of University of Florida, has raised $680,000 from investors including the institution’s university venture fund UF…
