Exact Comms secures backing from Oxford Innovation Finance to scale its contactless facility management platform
The investment comes from the Oxford Innovation EIS Growth Fund and OION Angels to support international expansion and product development.
Exact Comms provides a contactless presence and activity monitoring platform for facility management.
Exact Comms has secured investment from Oxford Innovation Finance, channeled through both the Oxford Innovation EIS Growth Fund and OION Angels. The Northern Ireland-based technology enterprise has built a system that tracks workforce presence and compliance automatically using Bluetooth beacons, removing the need for manual sign-ins or paperwork. The fresh capital will be directed towards accelerating the firm's global reach, advancing its product capabilities, and growing its commercial partnerships across multiple sectors worldwide.
From the founder
"We’re excited to have Oxford Innovation Finance supporting us with not just capital, but a depth of experience and an extensive network along with it. We’re at an important stage in our growth, moving from proving the technology to deploying it with customers across multiple markets, and we’re now focused on building partnerships, product capability and the international presence needed to effectively scale."
Peter McCaul
Founder and CEO at Exact Comms
Investor perspective
"Exact Comms is addressing a clear and important problem for facility managers, how to obtain accurate, reliable information about what is happening across their facilities without adding more administration for staff. Its contactless technology has the potential to make a meaningful difference and the company’s growing international partnerships demonstrate the opportunity for the platform to scale across markets. We’re pleased to support the team as they continue to develop the technology and expand internationally."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Accelerate go-to-market
Investors
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About the company
Exact Comms
Exact Comms builds contactless technology for real-time facility monitoring.