PureLiFi, a spin-out of Edinburgh University developing a new networking system, has secured £1.5m ($2.27m) in the first of two funding announcements the UK-based firm expects to make this year.

The round was led by angel group London and Scottish Investment Partners, with participation from Scottish Investment Bank and Old College Capital, the venture arm of Edinburgh University.

PureLiFi, which was named one of Global University Venturing’s spin-outs to watch in 2015 in our Christmas list, has said that they…