Martlet Capital is an early-stage investor based in Cambridge, providing patient capital to deep technology and life science startups.
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 financing round was backed by IQ Capital, Longwall Venture Partners, Martlet, and Cambridge Angels.
"Having been in stealth mode for several years, this latest fund raising marks a significant milestone for the business and its founders. As well as securing venture capital funding from experienced investors in deep tech and life sciences, we have been able to establish corporate partnerships with international Pharma companies and the NHS, we have also hired a senior management team that represents the very best in talent across healthcare and technology."
Angel investors and Cambridge funds backed the Series A round alongside an Innovate UK grant.
The funding round was led by Cambridge Innovation Capital with backing from a range of angel investors and institutions.
