Duvas Technologies, a Ashford, UK-based producer of a proprietary multi-species gas analyser based upon proven Ultra Violet spectroscopy with proprietary technology and know-how, recently closed a £915,000 equity and debt financing round.
The round include £150,000 from an LBA investor through their investment company Gulfvest Ltd. Other investors include Verdetech, the company’s executive management team and the South East Seed Fund, managed by Finance South East.
The funding will provide working capital to fund product development and growth across potential markets. The initial market that the company is addressing for its analyser is Air Quality Management.
Duvas, which spun out of Imperial College in 2008, also operates a research office in London.