Green Angel Syndicate has backed the developer of the Wind Panel alongside existing investors IP Group and Lark.
"Spinetic will do for small scale wind power what photovoltaic panels have done for solar power. Our research showed that no company worldwide has come close to achieving what Spinetic has done over their last five years of product development. There is a huge market opportunity to replace environmentally damaging diesel generators with Wind Fences, initially in remote off-grid and grid edge applications."
The seed round was facilitated by Envestors and brings 23 new backers to the company.
"The first half of 2017 has been tremendously exciting for Solaris, with substantial technical and commercial progress transforming the Company. With the seed fundraising completed, Solaris’ team is looking forward to focusing on the core product development for the remainder of the year"
The clean tech business has closed the investment to fund its continued growth in the UK and overseas markets.
"24Haymarket is delighted to be supporting Kelda with a £1.5m equity investment to help scale the business now that it has proven its technology. We believe that the compelling environmental and economic benefits of Kelda’s innovative, patented shower systems make this a global product wherever water and energy resources are valued. We are also delighted that we have already been able to leverage 24Haymarket’s network to provide sales leads, potential resources and learnings from other portfolio companies to assist the management team in executing and realising its business plan."