The investment was led by the Foresight Williams Technology EIS Fund and includes participation from existing shareholders as part of a £5m total raise.
"We are extremely pleased to welcome Foresight Group and Williams Advanced Engineering as new shareholders in our company. Bringing a major private equity investor alongside a world-renowned engineering company will be of extraordinary benefit to Rovco. We look forward to working with each of them as we expand the business and continue our success into 2020!"
Cherwell Laboratories and the Development Bank of Wales have taken a minority stake in the environmental monitoring specialist.
"This is an exciting time for Pinpoint. We have been working on very innovative ideas to develop a new generation of microbial air monitors to meet the new Pharmaceutical regulations. This investment is perfect timing for Pinpoint and allows us to create a range of ground-breaking products for this market."
Origin Capital backs Bristol-based non-destructive testing technology developer Inductosense.
"Following a detailed process of due diligence we are happy to welcome Origin Capital and their co-investors as shareholders. We are at an exciting time in our growth journey with multiple ongoing field trials, and we look forward to achieving large scale deployments of our technology in the years ahead."
Kelvin Capital and EMV Capital backed the Edinburgh-based antenna developer to finalise commercialisation of its core technology.
"We are very pleased to have EMV Capital on board and for their help in securing the capital that Sofant needed to finalize the commercialization of our leading-edge RF MEMS technology. Ilian and his team bring a great corporate and investor network, and experience in working with scale-ups. They are pragmatic and results oriented."
Maven Capital Partners provided the loan through the Midlands Engine Investment Fund.
"Our business is centred around delivering products and solutions that provide significant value for our customers in order to make a real difference in people’s lives. This loan will support us with our product development plans and will accelerate our growth plans. We look forward to working with the MEIF team to achieve this."
