Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Chromologics, a Denmark-based developer of natural food colourants spun out of Technical University of Denmark, has raised €1.9m ($2.3m) in a seed round led by pharmaceutical firm Novo’s early-stage investment arm Novo Seeds. The round also featured Nordic FoodTech VC and Vækstfonden, and the capital will support development of the company’s first colourant, ChromoRed. [A version of this news item first appeared on our sister site, Global Corporate Venturing.] Ghent University and research institute Imec have jointly founded Belgium-based spinout Azalea Vision to develop electronic contact lenses capable of restoring damaged vision, eeNews Europe reported on Friday. Azalea Vision’s contact lenses contain miniaturised LCD rings that mimic the iris, the sub-corneal membrane through which light passes into the pupil to reach the retina. The technology can adjust the pupil’s size to revive visual acuity in eye indications such as photophobia, keratoconus and aniridia. Azalea Vision’s concept was spearheaded by Andrés Vásquez Quintero, an assistant professor affiliated to Center for Microsystems Technology, a partnership of Imec and Ghent University.

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