CIC has also invested £100,000 in University of Cambridge spin-out Jukedeck, which is developing innovative software that allows users to generate their own original music for videos, online games and many other applications where real-time, responsive music is desired without copyright limitations. The investment was made alongside £400,000 in seed funding from Cambridge Enterprise, the commercialisation arm of the University of Cambridge, and the University EIS Fund managed by Parkwalk Advisors.
“Cambridge Innovation Capital was established with the full support of the University of Cambridge as a University affiliated fund to provide long-term, follow-on capital to companies originating in the Cambridge Cluster. Jukedeck is the first of many startups that we anticipate being supported by CIC and we look forward to being a supportive partner as it grows.” Said Victor Christou, Senior Investment Director, CIC.
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