Power grid management technology developer Synaptec spun out of University of Strathclyde in 2014 and has now won support from the corporate-backed Foresight Williams Technology EIS Fund.
Synaptec, a UK-based power grid management technology spinout of University of Strathclyde, has obtained £2.9m ($3.7m) in a round backed by the university, UKTN reported on Wednesday.
The round was led by a $2.6m investment from Foresight Williams Technology EIS Fund, a vehicle managed by private equity firm Foresight and backed by Williams Advanced Engineering, itself part of racing car and engineering company Williams Group.
Scottish government and EU-backed vehicle Foresight Scottish Growth Fund, also managed by Foresight,…
