Keit Ltd, a Harwell, UK-based developer of a rugged FTIR spectrometer for harsh manufacturing environments, completed a £1.4m funding round.
The round was led by Longwall Ventures, with participation from the Angel CoFund, Rainbow Seed Fund, Wren Capital and various angel investors.
This funding round will be used to complete the certification of Keit’s first product and provide working capital for its worldwide launch.
Led by Dan Wood, CEO, Keit provides MicroFTS, a spectrometer that directly measures molecular bonds, determining accurately the identity and concentration of the components of a fluid. The product uses no moving parts and so is capable of operating in tough environments such as manufacturing facilities in industries including chemical, pharmaceutical and food/drink industries allowing optimization of processes and minimization of waste.
FinSMEs
14/09/2016