WaveOptics glides to $39m

Sep 11, 2019 • Callum Cyrus

IP Group-backed WaveOptics has obtained $13m to bring its series C round to $39m as it looks to scale in its target markets and ramp up production capacity.

WaveOptics, a UK-based augmented reality (AR) technology developer backed by commercialisation firm IP Group, closed a £30m ($39m) series C round yesterday following a $13m extension featuring electronic components producer Goertek.
Pension investment fund Hostplus – IP Group’s partner in the IP Group Hostplus Innovation Fund – also backed the extension, following the initial $26m close in December 2018 led by VC firm Octopus Ventures which included IP Group, Goertek, industry product maker Robert Bosch’s Venture Capital unit…

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