Cambridge Touch Technologies (CTT), a touch screen technology spinout from Cambridge University, has raised a seed investment from University of Cambridge Enterprise Fund III.
Details of the financials for this investment have not been disclosed.
The University of Cambridge Enterprise Fund III is managed by Parkwalk Advisors, an investment firm that takes advantage of the tax relief available through the UK’s Enterprise Investment Scheme. It invests in Cambridge spinouts, providing private investors with the opportunity to back these companies.
Parkwalk manages funds for universities such as Cambridge, Oxford and Bristol.
CTT, which still has ties with the Centre for Advanced Photonics and Engineering at Cambridge University, has developed force touch technology for touch screen devices.
This technology enables devices to not only identify the position of an input but also the force applied. It can sense multiple inputs at the same time and claims better scalability and battery life compared to similar technologies.
The seed funding will be used to produce a prototype device. CTT is targeting a £5m ($7m) series A round later this year to fund an engineering sample and engage with interested purchasers.
Earlier this year CTT raised an undisclosed amount in seed funding from Cambridge Enterprises, the university’s tech transfer office.
