The incubator and workspace provider has secured capital from a consortium featuring return investor University Ventures.

Galvanize, a US-based incubator, technology campus and workspace provider, has raised $45m in its series B round.

VC firm ABS Capital Partners led the round as a new investor, and was joined by Colorado Impact Fund, Haystack Partners, Greg Maffei, Aspen Grove Capital and return backer University Ventures, an institutional corporate venturing fund partly backed by media conglomerate Bertelsmann.

Galvanize’s $18m series A round in June 2014 was led by University Ventures.

In July 2014, Galvanize raised $9.7m out of a planned $18m to establish its seed stage Galvanize Venture Fund. The fund now has 48 portfolio companies, according to its website.

Founded in 2012, Galvanize builds urban campuses that provide office space, mentorship and a community network for startups. The company has seven campus locations and also offers accelerated programs in coding via its educational initiative, gSchool.