EMV Capital led the pre-series A round to support product development and partnership activities in 5G and satellite communications.
"We are very pleased to have supportive investors who understand the value of semiconductor-based hardware. This funding will be used to complete the development of our core RF technology platform. It will also support our activities with an ecosystem of corporate partners who share Sofant’s belief that RF MEMS will disrupt the market for high frequency SatCom and 5G antenna applications. It is a very exciting time for Sofant, and we look forward to working with our partners to change the way high frequency antenna systems are designed and built."
The interim funding was provided by Wealth Club and the Development Bank of Wales to scale up staff.
"Bond is a great example of the many Welsh technology businesses that are supporting the fight against Covid-19. Our investment is testament to our belief in their ability to scale up and make a real difference at this difficult time and to their longer-term growth in the global diagnostics market. We wish them every success."
The oversubscribed round was backed by Wealth Club, EMV Capital and Foundamental.
"I am delighted that we have found a group of investors who share Q-Bot's vision to become the world leader in robotic solutions that inspect and apply materials to buildings. From surveying tower blocks to manoeuvring around under suspended floors to apply insulation, Q-Bot's technology is being used to transform processes across the construction sector. Our customer-led approach, paired with a unique combination of robotics, AI and building expertise, has allowed us to identify a huge commercial opportunity to disrupt the status quo and in doing so, strengthened the potential to have a positive social and environmental impact. The successful closing of our latest investment round will allow us to accelerate our growth plans, move into new markets and expand our technology portfolio."
