UAVenture Capital Fund LLC, the Tucson-based early-stage capital fund dedicated to the commercialization of University of Arizona science and technology, has announced its first three portfolio investments.

Each has a strong connection to the UA: Codelucida and Regulonix were formed to commercialize inventions stemming from UA research in engineering and medicine, respectively. The third was started by a graduate of the Eller College of Management.

Codelucida is a UA startup commercializing error-correction technology for data storage and communications. The technology was jointly developed during the doctoral studies of co-founder and CEO Shiva Planjery, along with his co-founders and doctoral advisers Bane Vasic, a UA professor of electrical and computer engineering, and David Declercq.