pureLiFi, the light communications technology company that leads the market in research and commercialisation of Li-Fi, has raised £1.5 million (US $2.26 million) in its latest round of investment. Valuing the 2012 University of Edinburgh spin-out at over £14 million, a VC funding round is in process and the company expects to make a related announcement on additional funding during the second half of 2015.