Industrial

The industrial sensor manufacturer spun out of Michigan and Virginia has increased its latest round to $51m in a tranche backed by 3M, Ericsson and Armstrong International.

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

TU Munich spinout Isar Aerospace has added $75m to its series B round, bringing the round’s total to nearly $166m and its overall financing to more than $183m.

Tracker Capital Management has led a $42m series C round for Accion Systems, acquiring a majority stake in the MIT-linked company in the process.

NC State spinout Phononic has added $50m to its coffers thanks to a consortium led by Goldman Sachs.

Based on research at University of Bristol, Albotherm’s technology could revolutionise how greenhouses and buildings are cooled.

The fund will invest in companies linked to École Polytechnique, including spinouts, alumni-founded startups or businesses incubated by the school.

Main Sequence Ventures has returned for a $47m round, having previously co-led a $13.7m series B for the satellite launch technology producer.