The Global University Venturing Deal Net rounds up the week’s smaller deals and tracks the startups emerging from universities and raising funding.
Offchain Labs, a US-based enterprise blockchain technology spinout from Princeton University, has raised $3.7m in a seed round led by blockchain-focused investment firm Pantera Capital, Forbes reported on Wednesday. CoinWire named angel investor Raphael Ouzan and Jake Seid, managing director of StoneBridge Ventures, as two participants in the round, the proceeds of which will fuel recruitment as Offchain looks to develop a business-orientated blockchain layer called Arbitrum.
CroíValve, an Ireland-based Trinity College Dublin (TCD) spinout developing a device that will treat defects in the tricuspid valve of the heart, has received €3.2m ($3.6m) in a seed round featuring TCD-backed university venture fund Atlantic Bridge University Fund. The round, which included government-owned enterprise support agency Enterprise Ireland, Halo Business Angel Network, Irrus Investments, SOSV and unnamed cardiologists, follows an undisclosed amount of earlier funding for CroíValve, according to the Irish Times.
US-based recruitment onboarding software developer EmployStream has closed…
