The Foresight Williams Technology EIS Fund is a collaboration combining Williams Advanced Engineering expertise with Foresight investment capabilities to back early stage innovators.
Portfolio
2
companies
Flusso
Flusso develops miniaturised flow sensors for consumer and industrial applications.
Rovco
Rovco provides advanced subsea computer vision and artificial intelligence technology for marine industries.
The investment round was led by Parkwalk Advisors and Foresight Williams Technology EIS Fund.
"The energy efficiency of many products could be greatly improved if they incorporated gas and flow sensors, but companies are unable to do so due to cost, size, or manufacturing constraints. Our vision is to bring flow- and gas-sensing technologies to all these products. This funding round helps us to scale up and bring our vision to reality."
The investment was led by the Foresight Williams Technology EIS Fund and includes participation from existing shareholders as part of a £5m total raise.
"We are extremely pleased to welcome Foresight Group and Williams Advanced Engineering as new shareholders in our company. Bringing a major private equity investor alongside a world-renowned engineering company will be of extraordinary benefit to Rovco. We look forward to working with each of them as we expand the business and continue our success into 2020!"
