RAB-Microfluidics secures £1.2m from Eos Advisory and other backers to expand its team and product roadmap.
The financing round was led by Eos Advisory with participation from Newable Ventures and Scottish Enterprise.
RAB-Microfluidics is a Scottish research and development business that builds microfluidic technology for oil analysis. Its laboratory on a chip system allows operators to test heavy machinery lubricant on site.
RAB-Microfluidics has secured £1.2m in a seed follow on investment round led by Eos Advisory. The capital injection also drew participation from Newable Ventures, Scottish Enterprise, and existing backers.
Funds from the round will be directed towards team expansion and product development as the firm accelerates its commercial growth. The company provides on site oil testing services to clients across maritime, aerospace, energy, and manufacturing sectors.
From the founder
"We are revolutionising oil test ing and analysis services by making conventional laboratory procedures mobile, rapid and routine"
Rotimi Alabi
Founder and CEO at RAB-Microfluidics
Investor perspective
"RAB-Microfluidics is one of the most exciting early stage Scottish technology companies in the en ergy sector and we’re pleased to have brought together such a strong set of investors to support Rotimi and his team through their next phase of growth"
Andrew McNeill
Managing Partner, Eos Advisory
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
RAB-Microfluidics
RAB-Microfluidics develops microfluidic technology to automate and accelerate oil analysis for industrial machinery.