Consumer

Strathclyde-founded dermatological device manufacturer Cutitronics has collected further investment from specialty chemicals supplier Croda as the pair aim to win business with personal care brands.

MIT retail analytics spinout Celect has now raised a total of $25m, having received $15m in an NGP Partners-led round.

Co-founded by an Indiana University graduate, customer behaviour analytics software developer Zio has secured funding from two of the university’s venture funds.

StartX-backed Lighthouse AI failed to garner enough commercial interest in its interactive household camera despite raising $17m in funding.

Ikove Venture Partners has launched a $10m venture capital vehicle to help spawn spinouts based on projects at Ohio universities.

The tea product supplier has become the fourth business backed by University of Maryland Momentum Fund.

The company has committed $100m to the Catalyst Fund for early-stage start-ups, which may be available to university startups.

Caltech and Pennsylvania back on-line teaching company Coursera, which just won the praise of Microsoft co-founder Bill Gates.

Revolymer, which makes chewing gum that is easier to remove from streets and pavements, was backed by the Setsquared Partnership, a joint venture capital initiative between Bath, Bristol, Exeter, Southampton and Surrey.