Bactest, a Cambridge, UK-based early stage biotechnology and sustainability specialist, has closed a £900k funding.
The round was led by Low Carbon Innovation Fund (LCIF), managed by Turquoise International, which invested £300k, with participation from angel groups including Minerva (Warwick), London Business Angels, Finance East and a number of high net worth individuals.
Led by CEO Annie Brooking, Bactest has developed a microbial contamination testing technology platform, CYTOMAIA, which is used to incubate bacteria and detect and measure biological activity and contamination in liquid, suitable for use in labs, bottling lines (rapid release), water and waste water. Products include a portable testing instrument that delivers results in 24 hours and an in-situ real time monitoring system.
Bactest intends to use the funds to bring its products to market and build and deploy its prototype in-situ waste water monitoring system, called “Shepherd”, together with Anglian Water.
FinSMEs
06/02/2012