The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
The investment round was led by Alliance Fund Managers with participation from the Development Bank of Wales.
"We’ve worked hard over the last few years to develop Tahdah as a secure online feature-packed management system that can be tailored to meet the bespoke needs of our customer base."
The funding round was led by Praetura Ventures with participation from the Development Bank of Wales and Perscitus.
"It’s been a landmark year for Reacta, and we continue to go from strength-to-strength as a business, developing new diagnostic products and expanding our capabilities. The number of people experiencing food allergies is increasing, so it’s vital that technologies to accurately and safely test for allergies are developed. We’re committed to providing excellence in the development of a suite of OFC products, and revolutionising the way food allergies are diagnosed worldwide."
A syndicate of 15 angel investors led by Andrew Diplock and the Development Bank of Wales backed the round.
"We are now working at full-scale and this represents the final stage of our testing programme before we are in a position to deliver commercial devices to our customers. The business is already creating significant traction in the market and we have a number of revenue generating pre-commercial projects in the pipeline that will further prove the effectiveness of our technology ahead of delivering our devices into first utility scale commercial arrays both here in the UK and overseas."
The Development Bank of Wales and Wealth Club backed the round to fund commercial growth.
"Utility businesses are facing increased governmental and regulatory pressure to provide accurate meter readings and improve their environmental credentials. We’ve spent the time developing and patenting our innovative technology that now provides real-time accurate meter reads to meet regulatory requirements, remotely and at half the cost."
The seed round was led by Green Angel Syndicate with participation from a syndicate of green investors and industry partners.
"This funding round will enable us to scale up our development and launch our business providing next-generation greenhouse gas monitoring. Our unique quantum Lidar is the right solution for the challenge of how to effectively measure industrial methane emissions, and meet the major commitments that the oil and gas majors have made to control their greenhouse gas emissions."
