PIN IoT raises £450k from angel investors to expand UK operations and develop technology.

Liverpool based PIN IoT has secured £450k in seed funding from its existing angel investors to support its domestic expansion and product development efforts. This represents the second major equity financing for the business, which aims to address inefficiencies in skip and roll on roll off waste operations through digital tracking technology.

The company combines proprietary low power tracking hardware with software to give waste operators real time oversight of their assets, helping them increase fleet utilisation and reduce operating costs. With this latest capital injection, PIN IoT intends to scale its presence across the UK market and continue refining its core technology platform.