Post date:
Fri, 23/01/2015 - 11:42
The investment arm of the University has participated in a fundraising round for spin-out technology company, pureLiFi.
Old College Capital invested £250,000 in pureLiFi as part of a £1.5 million co-investment with London & Scottish Investment Partners and the Scottish Investment Bank.
The company is developing wireless communication products based on visible light communication technology, or Li-Fi, that was developed by Professor Harald Haas, Chair of Mobile Communications at the University.
The investment will support the development and roll-out of pureLiFi’s product roadmap and help grow the marketing and sales function.
The global Li-Fi industry is estimated to be worth £5 billion by 2018.
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