Alongside Martlet in the round for Neul were individuals investor network Cambridge Angels and venture capital firms DFJ Esprit and IQ Capital.
Martlet, the corporate angel unit of UK-based industrial group Marshall, has made its first deal by joining a consortium investing £8m ($12.8m) in Neul, a local machine-to-machine communications company for televisions.
Alongside Martlet in the seed round were individuals investor network Cambridge Angels and venture capital firms DFJ Esprit and IQ Capital. The founders and employees have also made a significant financial contribution, the company said.
The money will help underpin several wireless data trials already underway, including the…
