Cambridge Innovation Capital Announces Three Investments
August 14, 2014
Cambridge Innovation Capital, an investor in high-growth technology companies in the Cambridge cluster, has completed its first investments from a £50 million ($83 million) fund. Leading off CIC’s first investments is £1.5 million ($2.5 million) in growth funding for Cambridge Imaging Systems, which is developing cloud-based and on-premise software that enables owners of video to archive, deliver and bill for content. CIC also provided £1.25 million ($2.1 million) in funding to grid-scale energy management developer Origami Energy as part of a £3.5 million ($5.8 million) round alongside Octopus Investments and two angel investors. Finally, CIC has invested £100,000 ($167,000) in University of Cambridge spinout Jukedeck, which is developing innovative software that allows users to generate their own original music for videos, online games and other applications.