Downing et al. in £4m series-A for CTT
UK-based Cambridge Touch Technologies (CTT) has raised a £4m series-A round of funding from a consortium of investors including newcomers Downing Ventures and China Materialia.
Downing Ventures invested through its enterprise investment scheme fund alongside existing investors Parkwalk Advisors, Cambridge Enterprise and Amadeus Capital Partners. Shanghai-based investment company China Materialia was also a new backer in the round.
Parkwalk, via UCEF III fund, structured a $3m round of seed-stage funding for the mobile 3D touch technology developer in early 2016.
Company
CTT is a developer of 3D touch technology that enables mobile devices to sense both the location and force of multi-touch inputs. The technology is used in a range of smart devices, from smartphones and tablets to automotive and industrial technologies. The company is headquartered in Cambridge, where it span out from the university in 2011.
People
Downing Ventures – Richard Lewis (investment director).
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