Arborlight scores $1.7 mln

Arborlight, a a spin-out from University of Michigan‘s office of technology transfer, has raised $1.7 million in funding. The Michigan Angel Fund led the round. Based in Ann Arbor, Michigan, Arborlight is a maker of LightWell, a daylight simulator.


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Crossbar nabs $25 mln Series C funds

Crossbar has secured $25 million in Series C funding. The investors included Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, the University of Michigan, SAIF Partners, Korea Investment Partners, CBC-Capital and Tao Venture Capital Partners. Based in Santa Clara, Calif., Crossbar is a provider of RRAM technology.

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College app Blend raises $2.7 mln, Ohio State students need not apply

New Enterprise Associates has led a $2.7 million seed round in Blend, a San Francisco-based maker of a social networking app for college students. Trinity Ventures, Foundation Capital, Lerer Ventures, Maveron, BoxGroup, XG Ventures and SparkLabs Global Ventures also joined in the seed round. The app is available for students in more than 3,500 universities nationwide, except those from Ohio State University. Blend co-founder and CEO Akash Nigam attended the University of Michigan before dropping out and launching Blend. As such, the company doesn’t allow students from rival school Ohio State to sign up for the app.

Crossbar Raises $20.6M, Filing Says

Crossbar has raised $20.59 million, according to a filing with the Securities and Exchange Commission. The memory chip maker, which has backing from Kleiner Perkins Caufield & Byers, Artiman Ventures, Northern Light Venture Capital and the University of Michigan, had set out to raise $21 million, the filing said. Another $445,000 of equity remains to be sold.

University of Mich.’s Frankel Fund Provides Seed Investment To Ambiq Micro

University of Michigan’s Frankel Commercialization Fund provided an initial investment to Ambiq Micro, which is developing microcontroller. The amount invested was not disclosed. Frankel Commercialization Fund is a student-led pre-seed investment vehicle. Ambiq Micro won a $250,000 prize in July from Draper Fisher Jurvetson and Cisco’s co-sponsored Global Business Plan Competition for university and business school students.

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