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Carnegie Mellon Spinoff Announces $6 Million Series B Capital Raise Led By Plymouth Ventures

from Globe Newswire

Wellspring, the leader in technology scouting, corporate venturing, and tech transfer software, has announced it has raised a $6 million Series B round led by Plymouth Ventures. The round also included participation by existing investor MK Capital. Founded as a spin-off by faculty and staff at Carnegie Mellon University, Wellspring will use the funds to scale sales and marketing of the company's next generation software platform used by corporate and university clients to find, manage and invest in emerging technologies. more

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