AQS Ltd, an Essex, UK-based waste management business focusing on soil stabilisation and remediation, has received a £2.0 equity investment from Octopus Ventures Ltd.
The funds, which were provided by the Octopus Titan 1, 2 and 3 VCTs, together with the Octopus Eureka EIS fund and the Octopus Investor Group, will finance the roll out of AQS’ subsidiary company Soil Xchange.
The company intends to create strategic hubs across the UK, specifically with the aim of taking in hazardous soil and waste, and exchanging it for recycled, clean soil.
The investment will enable Soil Xchange to start up seven major hubs within 24 months, which will be followed by an additional six minor hubs.
FinSMEs
02/03/2010