Foresight Williams Technology EIS Fund invests £540,000 into Living Optics, a University of Oxford spin-out
- Living Optics is commercialising the next generation of imaging technology
- Foresight’s investment was part of a £3.3 million round led by Oxford Sciences Innovation
- This is the 18th company supported by the Foresight Williams Technology EIS Fund
Foresight Group (“Foresight”), a leading independent infrastructure and private equity investment manager, and Williams Advanced Engineering (“WAE”) are pleased to announce a £540,000 investment from Foresight Williams Technology EIS Fund into Living Optics, a spin out from the University of Oxford redefining imaging technology. The investment is part of a £3.3 million funding round led by Oxford Sciences Innovation.
Living Optics was founded in late 2019 and is a spin out of the University of Oxford.
Living Optics has developed a fast, low cost and compact camera system based on breakthroughs in hardware design and software processing. This could revolutionise the imaging market, extending the adoption of their technology into mainstream markets, such as consumer products, manufacturing and medical devices.
Commenting on the investment, Andrew Bloxam, Senior Investment Manager at Foresight, said: “Living Optics is developing potentially transformative technology and it is another great fit with the Foresight Williams Technology investment strategy. We are delighted to be involved in its development, and no doubt strong growth, over the coming years.”
Matthew Burke, Head of Technology Ventures, Williams Advanced Engineering, adds “We are excited to back Living Optics’ ambitious product development programme. Their technology has the potential to democratise high-end imaging with smaller, affordable high-performance systems bringing the technology to new markets and WAE is well placed to support them in the engineering challenges they may face.”