North Wales data privacy and cyber security company, Cufflink, has secured more than £500,000 in equity and grant investment in a funding round led by our client, the Development Bank of Wales.
Ellie Shanahan, from Capital Law’s corporate team, advised the Development Bank of Wales on the deal.
The six-figure seed equity funding round is made in conjunction with investment by a group of London-based angel investors.
It complements additional funding received by Innovate UK – the UK Government’s innovation agency – which was secured in collaboration with Bangor University, to continue research into the wider ethical issues surrounding personal information management systems.
You can read more about the deal here.