Ilian serves as chief executive officer of EMV Capital plc and NetScientific Group plc. He previously founded EcoMachines Ventures, where he was managing director.
The financing was led by EMV Capital Partners and will support operational scaling and early customer deployments.
"We are pleased to have secured this significant investment from our existing shareholder base, and to welcome NSSIF as a new strategic shareholder. This support is a testament to the disruptive potential of Sofant’s technology and the remarkable progress our team has made in recent months. With this additional capital, we are positioned to accelerate our commercial deployment and redefine what is possible in wireless communications."
The initial tranche was led by EMV Capital Partners as part of an equity fundraising programme targeting up to £1m.
"We are pleased to see this important first closing of Q-Bot’s fundraising programme, and to have increased our interest in this exciting business through our capital efficient convertible loans. After a challenging period, we believe Q-Bot is now well-positioned to move towards profitability with a strong team, a robust partner network and pipeline, a well-evolved product offering with a proven application, and a refreshed, lean operating model."
The seed round was led by EMV Capital and includes participation from Animal Health Angels.
"SageTech Medical’s mission aligns perfectly with our vision of fostering groundbreaking innovations that benefit the wider animal health ecosystem. Their commitment to sustainability and environmental stewardship is inspiring, and we are thrilled to play a role in their growth journey."
The financing round was led by EMV Capital alongside Wealth Club and Adjuvo to support expansion in the UK, Europe and the US.
"We are pleased to see Q-Bot close out this important fundraising. The company continues to make strong progress in scaling sales with its innovative use of robotics and artificial intelligence in the Construction Technology industry, and in particular in the retrofit home insulation market. We look forward to seeing its continued success as it scales beyond the UK market, with a focus on market entry in the US and EU."
EMV Capital led the Series A investment to support the rollout of underfloor insulation technology across domestic and international markets.
"We are pleased that following the strategy review and changes to the company launched by the Board in 2021, we are now seeing accelerated growth for the business in terms of sales, the on-boarding of a series of key partners and continued investor support. We recognise the challenges associated with rising energy bills and are fortunate to be part of worthwhile solutions to reducing energy demands and associated emissions and costs. We are looking forward to being able to offer our quality assured underfloor thermal insulation to even more homes in the coming year."
