Dynamic Vision Systems, a UK-based contact lens developer based on work from the universities of Manchester and Leeds, today secured an unspecified sum from investment firm Parkwalk Advisors.
The funding came from Parkwalk’s Opportunities Fund, an investment vehicle focused on research that qualifies for UK venture capital tax breaks.
Founded in 2014, Dynamic Vision Systems is working on enhanced contact lenses that could assist sufferers of presbyopia, an age-related eyesight impairment usually corrected by wearing spectacles. In addition to presbyopia, Dynamic’s technology could be used for applications in augmented reality and healthcare.
Dynamic Vision has not previously disclosed funding.
The company builds on the ideas of Helen Gleeson and Cliff Jones, professors from University of Leeds’ School of Physics and Astronomy, and Philip Morgan, program director for optometry at University of Manchester’s Division of Pharmacy & Optometry.
