After satisfying all the milestones set out in the last investment round in April 2009, Mesuro Limited, a Cardiff, Wales, UK-based supplier od advanced radio frequency testing and measurement systems to the communications industry, has been able to receive the final £350,000 funding from its investors Fusion IP (AIM: FIP), Finance Wales and the ERA Foundation.
This investment takes Fusion’s shareholding in Mesuro to 49%.
Commenting on the funding, David Baynes, Chief Executive Officer of Fusion IP, was reported as saying: “Mesuro has made good progress in its first year. It completed a successful £1m fund raising round in April 2009 and launched its first product later in June”.
The company supplies an entry-level RF test system, Mesuro MB 20, and its increased power version, Mesuro MB 150.