Atlantic Bridge in $6m Ubimax round
American VC Atlantic Bridge Capital and family office Westcott have invested $6m in German wearable tech maker Ubimax.
The investment is the company's first funding round since it was founded in 2014. Ubimax's management team said it decided to bring investors on board in order to expand into the American market.
Kevin Dillon from Atlantic Bridge and Westcott managing partner Court Westcott will join Ubimax' board of directors.
In addition to the funding round, Ubimax also said it had entered into collaboration with Soft2Tec, a German developer of 3D tracking devices.
Company
Founded in 2014 and based in Bremen, Ubimax develops industrial wearable computing products such as data goggles. Unimax has offices in Germany, the US and Mexico.
People
Atlantic Bridge – Kevin Dillon (managing partner).
Westcott – Court Westcott (managing partner).
Ubimax – Hendrik Witt (CEO).
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