Keit secures £1.4m equity funding to support the international launch of its industrial spectrometer.
The funding round was led by Longwall Ventures to complete product certification and provide working capital.
Share allotment filed at Companies House
Keit develops specialised spectrometer systems designed for industrial process monitoring and fluid analysis. Based in Harwell, the company originated from research conducted for a Mars mission.
Keit has secured £1.4m in equity financing led by Longwall Ventures, with participation from the Angel CoFund, Rainbow Seed Fund, Wren Capital, and several angel investors. The Harwell-based company develops the MicroFTS spectrometer, a robust device with no moving parts intended for chemical, pharmaceutical, and food and drink applications.
The capital will be directed towards finalising product certification for the company's inaugural offering and supporting working capital requirements ahead of an international commercial launch. The technology stems from atmospheric research originally developed at the Rutherford Appleton Laboratory for space exploration.
From the founder
"this funding has come about as a result of the excellent work of the Keit team in developing the technology and the unambiguously positive reaction from the trial work with customers. We are delighted to have a supportive set of like-minded institutions backing our development and growth."
Dan Wood
CEO at Keit
Investor perspective
"we are pleased to be involved in the development of this innovative company. Keit is a good example of UK science research becoming an industrial product reality."
Tim Mills
Investment Director, Angel CoFund
Use of funds
- 01Build out infrastructure
- 02Fund the next phase of growth
