Old College Capital has contributed to a $1.1m funding round for Sofant Technologies, a smart antenna developer spun out of University of Edinburgh.
Sofant Technologies, a UK-based smart antenna technology producer spun out of University of Edinburgh, has raised £800,000 ($1.1m) in funding from investors including Old College Capital.
Old College Capital, the venture investment arm of University of Edinburgh, participated alongside Newable Private Investing, Kelvin Capital and Scottish Investment Bank, the investment arm of state-owned economic development agency Scottish Enterprise.
Founded in 2011, Sofant Technologies is working on smart antennae for wireless network equipment. The antennae are low cost and offer high performance while consuming low amounts of electricity.
The technology is based on research by Tughrul Arslan, a professor at the Institute for Integrated Micro and Nano Systems in University of Edinburgh’s School of Engineering.
The money will enable Sofant to begin selling its smart antenna products and components to original equipment manufacturers in the wireless handset and infrastructure spaces.
– This article was updated on February 8 2018 as Sofant Technologies disclosed the size of the funding round.