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Shibden Ltd receives further funding from RisingStars


Shibden Limited, (formerly Shibden Technologies Ltd), from Warwick University, has received funding from the RisingStars Growth Fund.

Formed to commercialise new audio technology from Professor Roger Green's research group, the company is looking at ways to improve the sound quality for consumer electronic products.

Roger Green, the founder and Chief Scientific Officer for the company points out, "We're surrounded by electronic devices that produce sound, we want them to sound better".

Nicholas Jones, MD of Shibden points out, "RisingStars have a great track record in backing high tech companies, especially University spin-outs, and a good investor is vital to the success of a company like Shibden."

Edward French, Investment Director at Enterprise Ventures, the company that manages the RisingStars Growth Fund, added, "This technology is applicable to around 2 billion products per year, the team at Warwick have some great technology to make these better and cheaper".

The company is planning to remain closed-lipped about its work for the next year or so whilst it completes key developments and is ready to demonstrate the technology.

About Shibden Limited

Shibden Limited was formed in 2005 with the help of Warwick Ventures to commercialise new technology from the University of Warwick. It is based at the Daresbury Innovation Centre (www.daresburyinnovation.co.uk) which is providing support and assistance as well as space to help the company grow.

Tel. 0844 856 0000
Email info@shibden.com

About RisingStars Growth Fund

The RisingStars Growth Fund is managed by Enterprise Ventures Limited (www.enterprise-ventures.co.uk) and provides early stage finance to high growth technology companies located in the North West of England, at the seed or start up phase, and will also invest at the 'proof of concept' stage. It has backed more than thirty early stage companies and its first investment recently floated on AIM. Companies must demonstrate excellent commercial prospects, and are likely to receive the funding in stages against development milestones. In addition to finance, the Fund offers considerable support and guidance in assisting companies with their strategic, technical and market development. Enterprise Ventures Limited is regulated by the FSA and is a full member of the British Venture Capital Association.