Footfalls and Heartbeats secures £249k from Foresight Group to advance smart textile technology.
Foresight Group provided the capital through the Midlands Engine Investment Fund to support product prototyping and intellectual property development.
Footfalls and Heartbeats develops and manufactures patented smart sensor fabrics for medical and sporting applications. The company is based in Nottingham.
Footfalls and Heartbeats has secured £249k in seed funding from Foresight Group via the Midlands Engine Investment Fund. The Nottingham-based textile innovator will direct the capital towards advancing product prototypes alongside healthcare and sports partners, expanding intellectual property assets, and acquiring specialist manufacturing equipment. The investment builds on existing research ties with the University of Nottingham.
Investor perspective
"This innovative game-changing textile manufacturing technology developed by Footfalls & Heartbeats is precisely the type of opportunity MEIF was created for, where funding from other sources is hard to come by. We look forward to seeing the Company develop and grow as we share the journey with this enthusiastic team."
Jordan Lavender
Investment Manager, Foresight Group
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Build out infrastructure
Investors
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About the company
Footfalls and Heartbeats
Footfalls and Heartbeats manufactures patented smart sensor fabrics for various industries.