White Rose backs D-Sense launch
White Rose Technology Seedcorn Fund (WRTSF), has backed the launch of dental technology company D-Sense. The University of Leeds spin-off will receive a £250,000 equity investment from WRTSF to commercially develop an innovative device which painlessly detects and measures tooth sensitivity based on a diagnostic technique.
The WRTSF is a £6m venture capital fund owned by the universities of Leeds, Sheffield and York. It was created in 1999 through the DTI’s University Challenge competition. WRTSF has made 14 investments to date and is managed by Murray Johnstone Ltd which merged with Aberdeen Asset Management plc at the end of last year.
ProVen invests £2.5m in Steribottle
ProVen Private Equity, the private equity fund manager for medium sized companies, has today announced that it has taken a minority stake, as part of a £2.5 million funding round, in Baby Innovations. Baby Innovations owns Steri-bottle, the branded pre-sterilised disposable baby bottle.
The latest investment came from three of ProVen’s six funds under management: Guinness Flight VCT plc, ProVen VCT plc and ProVen Media VCT. ProVen Private Equity manages funds worth a total of £140m.