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UAVenture Capital fund invests in CarboShield, MediCarbone

UAVenture Capital Fund II LLC, an investment fund managed by UAVenture Capital LLC, invested in CarboShield Inc. and MediCarbone Inc.

Financial terms of the investments were not disclosed.

The investments are expected to help with technology development in both companies.

CarboShield develops a low-cost way to fortify aging steel, concrete and wood bridges, while MediCarbone is a patent holder of a flexible carbon fiber fabric inserted inside and around a fractured bone.

UAVenture Capital is a Tucson, Ariz.-based venture capital firm that invests in products, technology and services emerging from the University of Arizona.