PORTFOLIO / Ultraleap

Advancing the development of technologies that redefine how people interact with machines.

Sector

Technology

HQ

Bristol, UK

Geographic footprint

UK, United States

Sales

N.D.

Employees
>150

Investment date

November 2018

Status

Current

The company

Ultrahaptics was founded in 2014 and quickly emerged as a pioneer in the field of virtual touch, using ultrasound technology to enable people to feel and manipulate virtual objects in mid-air without needing peripheral devices. With world-leading technology in haptics and hand tracking and an accelerating market opportunity with near limitless commercial application potential, this is a high-growth company of the future.

The investment

Mayfair’s investment in November 2018 has helped the company become a world leader in tracking and haptics technologies. The 2019 acquisition of Leap Motion, one of the world’s foremost gesture tracking companies, has enabled the enlarged Ultraleap to deliver an end-to-end proposition with the capability to revolutionise how people interact with the digital world.

Our partnership

Mayfair has supported the business in several areas including:

  • Backing the acquisition of long-time partner Leap Motion to reposition the enlarged Ultraleap for accelerated growth as a world leading Human‐Machine-Interface (HMI) platform with a wealth of patents and a portfolio of innovative hardware and software solutions.

  • Supporting the management team to establish rigorous operational controls and processes as part of a post-merger integration process.

  • Delivering on a new growth strategy to focus on securing major licencing and royalty agreements with technology enterprise customers.

  • Providing access to expertise across the breadth of Mayfair, from insight on brand development to best-in-class financial reporting, tax planning and insurance arrangements.

“Mayfair really bought into the vision we have as a company. It was clear from the very beginning that they weren’t going to be a passive shareholder, but they were going to be actively engaged and high value-adding. It really is a partnership.”

Tom Carter, Founder and CTO of Ultraleap