Downing Ventures EIS Supports $10 million Fundraise for Cambridge Touch Technologies
- On August 2, 2019
- By GrowthInvest
Downing Ventures has joined forces with corporate and VC investors from the UK and Asia to participate in a $10 million Series B funding round for Cambridge Touch Technologies Limited (CTT). Downing Ventures is the largest European investor in the round, which was led by Kureha Corporation of Japan. Also participating in the raise were new investors Puhua Capital, a Chinese VC firm, and Japanese strategic corporate investor, Futaba Corporation. Existing investors Parkwalk, China Materialia Ventures, and Amadeus Capital provided additional financial support for the business.
Spun out of the University of Cambridge in 2011, CTT is a high-tech company at the leading edge of touch technology. Its pressure-sensitive multi-touch technology is simpler to integrate and significantly cheaper but more sophisticated than what is currently used in high-end smart devices.
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