StretchSense

StretchSense, a Scottish startup specializing in extended reality (XR) gloves for workplace training simulations, has successfully secured a £1.75 million investment. The funding round was led by PXN Ventures, a joint venture between Par Equity and Praetura Ventures, with additional support from Scottish Enterprise.

Summary of transaction details:

• Value: £1.75 million GBP
• Sector: Extended Reality (XR) Training, Immersive Technology, Wearables
• Advisor: Not specified
• Key Entities: StretchSense (Target), PXN Ventures (Lead Investor), Par Equity (JV Partner), Praetura Ventures (JV Partner), Scottish Enterprise (Co-Investor)
• Location: Edinburgh, Scotland (Management/Software/Marketing); New Zealand (Hardware/Manufacturing)

Note: This investment reflects a strong market belief in the transformative potential of extended reality for professional training. The capital will enable StretchSense to scale its innovative glove technology, bridging the gap between human interaction and simulated environments to deliver more effective and measurable learning outcomes across enterprise and government sectors.