The first spinout to emerge from the University of the West of Scotland has raised £1.5m in a seed investment round.
The winner of last year’s Converge Challenge competition, novosound will use the money to expand its team and bring its ultrasound sensors to the market. The bulk of the cash has been supplied by lead investor Par Equity of Edinburgh and co-investor Kelvin Capital based in Glasgow.
Further investment was secured from Gabriel, the Scottish Investment Bank, EOS Technology Investing Syndicate and Investing Women.
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