The round was led by Praetura Ventures with backing from Blackfinch Ventures and angels.
"Our mission is to put an end to preventable accidents and fatalities. Working with top-tier investors and partners, we’re pushing the boundaries with geospatial technology and developing some exciting new capabilities that are moving us closer to this mission."
The seed round was led by Blackfinch Ventures to support global growth and commercial adoption.
"This investment marks a significant step forward as we continue pioneering new applications for magnetic sensing. With the support of our investors, we are expanding our team, advancing our technology, and bringing our solutions closer to widespread adoption."
Wealth Club led the EIS funding round with participation from existing investor Blackfinch Ventures.
"I’m delighted to welcome Wealth Club as a shareholder at this really exciting time in our growth trajectory. We’re already starting to see the profound impact we’re having on safety and efficiency in the rail industry through the implementation of our geofencing technology. With Wealth Club on board, I’m excited to increase this impact and together, work towards our mission of putting an end to preventable fatalities in heavy industries."
The funding round includes backing from Wealth Club and 1818 Venture Capital, alongside follow-on support from Blackfinch Ventures.
"This latest round of investment truly shows our desire to push on ahead and establish WMC as the market leader in the competitive intelligence marketplace."