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12th October 2018

Covatic, a personalisation software for media companies, raises £850k

A University of Oxford spin-out company which has developed a software platform for broadcasters has secured an £850,000 investment led by the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Fund Managers and part of the Midlands Engine Investment Fund.

The funding will allow Covatic to bring its software to market and create six new technical and management jobs. This latest investment, which also includes money from Oxford Sciences Innovation fund, Creative England, management and private investors, brings the total raised by the company to over £1.6million.

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