The University of Nottingham spinout secured the follow-on investment via fund manager Mercia Ventures.
"This funding from Midlands Engine Investment Fund II will take us one step further towards our mission to roll out our device and give new hope to people with Tourette’s. Having Mercia Ventures on board as a partner provides additional value, given its expertise in backing businesses that are developing new products and helping them gain entry to the US market."
The funding round was backed by Henley Business Angels and Innovate UK.
"continued support will ensure that the impact of our newest technologies will not just be limited to sportsmen and women, but will benefit the broader population through medical applications of our technology as well"
Wealth Club led the EIS funding round with participation from existing investor Blackfinch Ventures.
"I’m delighted to welcome Wealth Club as a shareholder at this really exciting time in our growth trajectory. We’re already starting to see the profound impact we’re having on safety and efficiency in the rail industry through the implementation of our geofencing technology. With Wealth Club on board, I’m excited to increase this impact and together, work towards our mission of putting an end to preventable fatalities in heavy industries."
British Design Fund led the investment to support the rollout of artificial intelligence and neurotechnology tools designed to mitigate industrial accidents.
"Human error is a factor in almost all workplace accidents and our mission at FC Labs is to get to the heart of the problem, with a simple, low cost solution."