The round is led by Imperial Innovations.

Featurespace, a Cambridge University spin-out, has closed a £3m ($5m) funding round. The round was led by existing investor Imperial Innovations, which invested £1.7m ($2.9m).  Imperial is joined by previous investors Nesta and a number of members of the Cambridge Angels group.

Imperial Innovations, the technology transfer company of Imperial College London, now holds a 22.1% equity stake in the behavioural analytics business. It previously participated in the 2012 funding round, in which the company raised £1.5m ($2.56m), when it…

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