Cambridge Touch Technologies raises £4m with new investment from Downing Ventures

Touch screen specialist Cambridge Touch Technologies has closed its Series A round at £4m, with new investment coming from VC fund Downing Ventures and Shanghai-based China Materialia.

Existing investors Parkwalk Advisors, Cambridge Enterprise and Amadeus Capital Partners also contributed to the round, which will be used to accelerate the development of its tech.  

Cambridge Touch Technologies, (CTT), was spun out of the University of Cambridge in 2011. It now develops AI-powered 3D touch technologies for devices such as smartphones and tablets, on both LED and OLED screens. The tech has also been used in the automotive and industrial technologies.

The tech is pressure-sensitive and uses sensors to enable multi-touch; meaning people can zoom, drag, peek and select options with one touch, the company says.

CTT say it is already working with suppliers and partners, including display panel manufacturers, to help facilitate the mass adoption of its technology in the near future.

Downing Ventures invested through its EIS fund. The fund launched in September 2014 to invest in early-stage UK tech companies, with a focus on industries such as e-commerce, EdTech, life sciences and HealthTech.

As of June 2017, the portfolio consisted of 32 companies.

Richard Lewis, investment director at Downing LLP, commented on the new addition: “CTT is a truly innovative 3D touch platform. Thanks to the world class team, the business has been able to develop a low cost architecture that has the potential to disrupt the global touch screen market and we’re looking forward to helping the company achieve these ambitions.”