VCs invest $10m in Cambridge Touch series-B

Also participating were existing investors Parkwalk Advisors, Downing Ventures, CM Ventures and Amadeus Capital Partners, and new investors China-based Puhua Capital and Futaba Corporation.

Piezoelectric film supplier Kureha has been working with the company for several years and has contributed its resources and R&D capabilities to the projects on which it collaborated with CTT. With Kureha's involvement, CTT expects to strengthen its supply chain and extend its supply options for customers.

The fresh capital will go towards continuing the company's planned commercial roll-out of its technology, and increasing its headcount in Cambridge, as well as in its sales and support offices in China, Taiwan and, in the future, Japan.

Previous funding
In February 2016, Cambridge Enterprise first invested in the company. That year in March, The University of Cambridge Enterprise Fund III run by Parkwalk Advisors invested $3m in the company. The fund led another investment round in November 2016, with participation from Amadeus Capital Partners.

In June 2018, Parkwalk Advisors led a £4m round, investing together with VC firm Amadeus Capital Partners, CM Ventures and Downing Ventures.

Company
CTT offers piezoelectric technology for the consumer electronics, automotive, industrial and military markets. The technology is a mixture of hardware and software that creates touch screens with superior user experience to standard touch screens. The company is based in Cambridge and was founded in 2010. The company employs 25 people, according to LinkedIn.

People
Puhua Capital – Kejia Li (partner).
Kureha Corporation – Yutaka Kobayashi (president, CEO).
Cambridge Touch Technologies – Corbin Church (CEO, co-founder).

Advisers
Company – Ascendant Corporate Finance (corporate finance).

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