Bodle Technologies, an Oxford, UK-based digital display technology developer, secured £6m in Series A funding.
The round was led by Parkwalk Advisors, with participation from new investor Woodford Patient Capital Trust, as well as returning backers Oxford Sciences Innovation and the Oxford Technology and Innovations EIS Fund (OTIF) advised by Oxford Investment Consultants.
The company intends to use the funds to scale operations and advance through the prototype stage.
Led by Mike Clary, CEO, Bodle Technologies is an Oxford University spinout that develops reflective display technology for applications that include wearables, Internet-of-Things (IoT) displays and eReaders. In due course, the technology could turn commonplace static printed materials, such as posters and packaging into low-cost dynamic displays.
The technology was invented by Professor Harish Bhaskaran and postdoctoral researcher Dr Peiman Hosseini at Oxford University’s Department of Materials and was published in Nature in 2014.