The month of March proved to be an extremely successful one for Newable Ventures, the UK’s leading early stage investment network, which deployed circa GBP2 million in six companies to round off a busy financial year, which also saw the group secure GBP10 million from British Business Investment’s Regional Angel Programme.
Among the investments is QLM. The Bristol based company is revolutionising how Green House Gas emissions are monitored by Oil and Gas companies by developing high-sensitivity, low-power and highly accurate Tuneable Diode Lidar (TDLidar) gas detection and imaging systems. The company has secured GBP3 million in equity funding to allow them to complete commercial development of their products.
2020 was a year when the UK start up sector had to contend with the UK’s exit from the European Union and the Covid-19 pandemic. It was also the year that saw UK start-ups raise a record GBP11.2 billion of investment.
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