British startup Ultrahaptics began life as a project within Bristol University in 2013, securing £17.9 million of funding in 2017. Today, the company has announced the successful completion of a Series C round of investment, securing £35 million GBP ($45 million USD).
The round was led by Mayfair Equity Partners, with further new investors including Hostplus, the major Australian superannuation fund. Existing shareholders IP Group plc, Woodford Investment, Cornes and Dolby Family Ventures also participated.
Commenting on the round, Ultrahaptics CEO, Steve Cliffe, said in a statement: “We’re delighted to welcome major new investor Mayfair, while receiving further endorsement and support