Touch Biometrix secures £2m Series A funding from Deepbridge Capital
Deepbridge Capital has backed Touch Biometrix in a Series A round to support the commercialisation of its fingerprint sensor technology.
Touch Biometrix develops fingerprint sensors for consumer electronics using proprietary technology and algorithms. The company was founded in 2017 and is based in the UK.
Touch Biometrix has secured £2m in a Series A funding round provided by Deepbridge Capital. The capital will support the commercialisation of the firm's fingerprint sensor technology platform and help prepare its first minimum viable product ahead of scaled production.
The investment builds on previous seed backing of £150k received last year. Touch Biometrix aims to provide scalable and cost-effective biometric authentication for consumer devices.
From the founder
"This new and substantial investment from Deepbridge will enable Touch Biometrix to build upon its development work with the aim of defining its first minimum viable product ahead of scaled product in early 2020."
Mike Cowin
CEO at Touch Biometrix
Investor perspective
"We are delighted to continue our support with Touch Biometrix at what is an exciting time for the biometric industry. We understand there is an increasing need for secure user authentication technology and we believe Touch Biometrix has the capability to move quickly in this market. This investment will support the commercialisation of their technology platform."
Ian Warwick
Managing Partner, Deepbridge Capital
Investors
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About the company
Touch Biometrix
Touch Biometrix develops a new class of fingerprint sensor for consumer electronics.