Ultrahaptics raises £35 million in oversubscribed Series C fundraising
New funding will support exciting new product development and further B2B customer acquisition across global markets and industry sectors.
Ultrahaptics, the world leader in mid-air touch technology, has announced it has completed a £35 million ($45 million) Series C round of investment. The raise, which was oversubscribed, will enable Ultrahaptics to further develop and commercialise its revolutionary haptic technology in next generation user interfaces and experiences.
The new funding is led by Mayfair Equity Partners, the buyout and growth investor providing capital to dynamic businesses in the TMT and Consumer sectors, with further new investors including Hostplus, the major Australian superannuation fund. Existing shareholders IP Group plc, Woodford Investment, Cornes and Dolby Family Ventures have again participated.
Source: Ultrahaptics Press Release