The company completed its final EIS raise to fund pre-negotiated fixed-cost contracts without further equity dilution.
"It was always our intention to keep to the budgeted figure and save any further dilution in the company. This raise is budgeted to pay for pre negotiated ‘fixed cost’ contracts that will deliver the first characterised EHG mounted on a static generator engine thus providing VNA with a saleable solution"
CIT Growth Capital has backed reputational analytics provider alva with a £2.5m investment.
"The reputation analytics space is fast-evolving and ever-changing. At alva we have developed a world-class technology and robust methodologies that help our clients link reputation to business performance. This funding will help alva continue our growth performance, and remain at the forefront of reputation monitoring and analysis."