Garfield Smith – Technology & Data Lawyers is pleased to have advised VividQ, a UK deep tech software company with world-leading expertise in 3D holography, on a second closing of its oversubscribed seed funding round.
VividQ has raised an additional £2.4m ($3.1m) from FluxUnit – OSRAM Ventures, the University of Tokyo Edge Capital (UTEC) and existing angel investors. The two international VC funds join Sure Valley Ventures, an entrepreneur-led Venture Capital fund based in the UK and Ireland, which led the initial closing of the round with £1m ($1.3m) investment earlier this year that Garfield Smith also assisted with.
The team at Garfield Smith – Technology & Data Lawyers was led by Amanda Sermon. Fluxunit – Osram Ventures were advised by LK Shields in Dublin and UTEC by Orrick in London.
“Holography will revolutionise the way in which we view and interact with the world in the most fundamental way. For the first time, holographic display can be in the hands of everyone, across hundreds of applications, thanks to the extraordinary capabilities provided through VividQ’s software. We are very grateful for all the help that the team at Garfield Smith, Technology and Data Lawyers, and in particular Garfield Smith and Amanda Sermon, provided on both closings of our seed round. Their understanding and experience of the needs of early stage companies has been invaluable to the growth of our business over the last two years.”
Garfield Smith, CEO of Garfield Smith – Technology & Data Lawyers, said:
“Amanda Sermon and I were delighted to assist Darran Milne, Aleksandra Pedraszewska and the team at VividQ on their latest successful transaction. They are one of the strongest deep tech management teams that we have ever acted for and they are supported by a great diverse ensemble of shareholders; a number of whom we have worked with for many many years. This is the third, and hopefully the last, investment round that our firm has completed in December 2019 for our early stage technology clients. We wish them all great success in 2020.”
VividQ is driving the mass adoption of holographic display in consumer electronics. With its revolutionary technology, the company is on a mission to enable the next big revolution in the display industry. Today, holographic displays powered by VividQ’s software are implemented by Original Equipment Manufacturers in the US, China, and Japan, in applications ranging from AR smartglasses to automotive head-up displays.
Garfield Smith – Technology & Data Lawyers, has been at the forefront of technology and data law since 1997. In the last five years, the firm has advised on technology deals worth over $1 billon and is now regarded as one of the leading technology and data focussed law firms in the UK. Everyone at the firm shares a passion for technology and the business of technology. The firm has been part of the evolution of the UK’s TMT sector in the UK and has helped hundreds of clients, from cutting-edge start-ups to FTSE 100 companies, to successfully develop, scale, protect, exploit and procure technology.