Lupe Technology raises £150k in SEIS funding through the Oxford Investment Opportunity Network
The company secured its full funding target within six weeks of pitching at an OION showcase event.
Lupe Technology is an engineering company founded by industry veterans from Dyson, Hoover, and Bissell. The firm focuses on developing high-performance cordless vacuum cleaners.
Lupe Technology has secured its full SEIS funding requirement of £150k through the Oxford Investment Opportunity Network following a showcase event earlier this year.
The company, led by veterans from major appliance brands such as Dyson, Hoover, and Bissell, developed its debut product to resolve common performance issues associated with cordless vacuum cleaners. The device has already secured four pending patents.
The capital raised will support the ongoing development and commercialisation of the company's inaugural cleaning technology.
Use of funds
- 01Continue product development
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About the company
Lupe Technology
Lupe Technology designs and develops high-performance cordless vacuum cleaners.