Blu Wireless Technology, a Bristol University spin-out incubated at SetSquared’s accelerator has attracted $3.1m from angel investors.

The round was led by Qi3 Accelerator, which was joined in participation by the Angel Co-Fund (contributing $900k), Wren Capital, the London Business Angels 2013 EIS fund, and several experienced private investors.

The firm plans to use the funding round to accelerate development of its next generation WiFi intellectual property as well as doubling its headcount to 30.

Blu’s WiFi tech enables transfer…

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