HomeUKReactec Closes £700k Funding

Reactec Closes £700k Funding

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Reactec, an Edinburgh, United Kingdom-based provider of monitoring and management support solutions for hand and arm vibration syndrome (HAVS), completed a further £700k round of funding.

The round, which included a £122k investment from Reactec’s board, management and staff, was led by Archangels, with participation from Scottish Investment Bank, the investment arm of Scottish Enterprise.

The company will use the funds for the recruitment of four additional sales and engineering team members, taking the headcount to 27 and enabling international expansion and further research and development.

Led by Jacqui McLaughlin, CEO, Reactec provides HAVwear, a wearable device that monitors the vibration an individual is exposed to when using hand held tools, providing real time personal data highlighting their exposure risk. Reactec’s system, which was launched in 2016, provides data analysis to support their measures to reduce workforce exposure to HAV.
Since the release, the company shipped 10,000 units.

FinSMEs

29/03/2017