Digital campus raises £10M to top off 2017

The Innovation Birmingham Campus raised over £10m during the last few months of 2017, driving growth and innovative product development in the city.

This builds on the year’s earlier successes in 2017 including that of web and mobile app provider Wambiz which secured £2m for part of its business over the summer.

Amongst the tech talent based on the Campus, three companies closed successful investment rounds towards the end of 2017, including optometry business Aston EyeTech, which builds hardware and software to improve ocular care, securing £5m in November to launch its latest product range.

Smart home tech company LightwaveRF also raised a seven-figure sum, securing £5m from October onwards to progress product development and sales following a significant deal with Apple, launching products to control smart devices with iOS apps and Siri voice commands.

Andrew Pearson, Chief Executive of LightwaveRF, said: “I am delighted with the level of interest that we have received for the fundraising, which is a great endorsement of our business plans and ambition.”

Database specialist Synapse Information has also secured almost £200,000 so far as part of a larger investment round, through its current crowdfunding campaign utilising the Shadow Foundr platform.

Launched in October, the investment will create more jobs for the local economy and stimulate growth within the business.

Dr David Hardman MBE, CEO of the Innovation Birmingham Campus said: “It’s extremely encouraging to see such investments supporting the tech innovators on the Campus.

“These significant investment rounds present exciting opportunities for SMEs based here to grow and take on more people to access and disrupt global markets.

“This sort of commitment by investors provides a clear sense of external acknowledgement as to the high quality of investment opportunities there are on our Campus.”

In addition to financial successes throughout the past few months, start-ups have also received widespread acclaim through a series of awards and partnership deals.

As well as celebrating nationwide successes, the Innovation Birmingham Campus has also maintained international partnerships over the past few months.

Officials, including the Mayor of Leipzig, represented policy areas from culture to business at a collaborative event in October, celebrating 25 years of partnership between Birmingham and Leipzig, driving growth and innovation for SMEs.

As part of the drive for start-up growth and success, the Campus also partnered with innovation and research centre RE-Rise UK in November, providing start-ups with international access to support and mentoring, with RE-Rise UK’s operations in Delhi driving innovative technology-based projects between the UK and India.

comments powered by Disqus