RAB-Microfluidics raises £2.2m from Par Equity and other backers to scale oil analysis device
Par Equity leads the funding round to support team expansion and technology launch.
Share allotment filed at Companies House
Aberdeen-based RAB-Microfluidics has created a patented lab on a chip technology designed to improve oil lubrication analysis in the maritime sector.
RAB-Microfluidics has secured £2.2m in a funding round led by Par Equity, with additional participation from Eos, Newable Ventures, and Scottish Enterprise.
The Aberdeen-based company has engineered a patented microfluidics device to improve oil lubrication analysis within the maritime industry. The capital will be used to expand the team and accelerate the commercial launch of its technology later this year.
Use of funds
- 01Grow the team
- 02Continue product development
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About the company
RAB-Microfluidics
RAB-Microfluidics develops lab on a chip technology for oil lubrication analysis.