Bradford spinout Tangentix, which previously received funding from Parkwalk in 2014, operates a digital platform for computer game trials.
Tangentix, a UK-based computer game platform spun out from Bradford University, has secured an undisclosed sum of funding from Parkwalk Advisors, a fund management arm of commercialisation firm IP Group.
Parkwalk made the investment through its Opportunities EIS Fund, which benefits from UK venture capital tax breaks.
Founded in 2009, Tangentix has developed a digital computer game demo platform called GameSession that relies on 3D compression and digital rights management to prevent piracy and enable faster downloads.
The platform allows gamers to rent or purchase titles while playing them, subsequently exporting the save files into the Steam gameplaying platform so customers do not lose progress made during trials.
Parkwalk Advisors backed Tangentix in 2014 as part of a round of undisclosed size featuring regional investment agency Finance Yorkshire and Enterprise Ventures.
The spinout previously received a total of $3.1m, including $2.1m from a 2013 round backed by Parkwalk, Finance Yorkshire and Enterprise Ventures’ RisingStars Growth Fund II.
Enterprise Ventures was subsequently acquired by investment firm Mercia Technologies in 2016, while Finance Yorkshire ceased investments with the launch of the Northern Powerhouse Investment Fund in February last year.
