Boditrax Technologies secures £500k debt funding from Maven to accelerate product development
The Nottingham-based fitness technology provider has received a loan from the Midlands Engine Investment Fund managed by Maven Capital Partners.
Boditrax Technologies provides health and fitness technology that monitors cellular health and body composition. Its devices are used globally to track metrics ranging from body fat to metabolic efficiency.
Nottingham health and fitness technology provider Boditrax Technologies has secured a £500k loan from the Midlands Engine Investment Fund East and South East Midlands Debt Finance fund. The investment, managed by Maven Capital Partners, is backed by the Coronavirus Business Interruption Loan Scheme. The company intends to direct the capital toward accelerating product development and launching its next generation of software and hardware offerings.
Established in 2011, Boditrax operates a cellular health and composition monitoring platform utilized by millions of people worldwide. The business works with prominent corporate, medical, and athletic clients across various sectors. Management plans to use the fresh funding to support two further product launches and explore new market segments.
Use of funds
- 01Continue product development
Investors
About the company
Boditrax Technologies
Boditrax Technologies delivers cellular health and body composition monitoring technology.