EarthSense secures £100k debt finance from Maven to fund research and job creation
Maven Capital Partners provided the loan through the Midlands Engine Investment Fund.
EarthSense provides air quality monitoring and modelling data using satellite information and air sensors. The firm helps authorities and businesses analyse pollution levels.
EarthSense has secured a £100k loan from Maven Capital Partners through the Midlands Engine Investment Fund Debt Finance scheme. The capital will be directed towards research and development initiatives alongside job creation across the East Midlands region. Demand for environmental monitoring services continues to rise as public health concerns surrounding air pollution draw greater scrutiny worldwide.
From the founder
"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."
Tom Hall
Managing Director at EarthSense
Investor perspective
"Research and development is an important tool for businesses looking to grow. It’s great to see MEIF funding being used to combat serious issues such as poor air quality. As Midlands businesses continue to innovate, we encourage other SME’s in the region looking to grow, to consider the funding options available through the MEIF."
Lewis Stringer
Senior Manager, British Business Bank
Use of funds
- 01Fund research and development
- 02Grow the team
Investors
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About the company
EarthSense
EarthSense supplies air quality monitoring and modelling data to track pollution levels.