UK-based golf performance tracking technology developer Shot Scope Technologies has received £1.6m ($2.2m) of funding in a round featuring Old College Capital, the university venturing fund of University of Edinburgh, and Scottish Investment Bank, the investment vehicle for the Scottish Government-owned Scottish Enterprise as well as Equity Gap and unnamed high-net worth individuals. All three main investors contributed to Shot Scope’s £415,000 seed round in 2015, and it added another £1.6m the following year.
Skoogmusic, a UK-based developer of a hardware product to teach children music based on research at University of Edinburgh, has raised £560,000 ($760,000) from Old College Capital, Scottish Investment Bank and various private investors, BQLive has reported. The round took Skoogmusic’s overall funding to approximately $2.7m and the proceeds will support the development of new hardware products to be launched in 2018. Skoogmusic was previously reported in June 2017 to be seeking as much as $6.4m in fresh funding.
Coherent Solutions, a New Zealand-based supplier of optical communications testing equipment, has closed a NZ$3m ($2.1m) series A round that included the University of Auckland’s Inventors’ Fund, the state-owned New Zealand Venture Investment Fund, K1W1, and growth equity firm Punakaiki Fund, which led the round. The deal marks Coherent’s first external funding. Coherent is a spinout of Southern Photonics, itself a spinout from University of Auckland, whose commercialisation arm Auckland UniServices owns a stake in both businesses. The cash will fund the launch of two new products later this year.
