Air quality sensor producer Duvas Technologies has secured £915,000 of funding.
Specialist producer of air quality sensors, Duvas Technologies, has secured £915,000 of funding and debt finance from new and existing shareholders.
Leading the fundraising is the South East Seed Fund, which is managed by Finance South East, an arm of regional development agency SEEDA.
It is joined by another new investor in Duvas, private equity firm Gulfvest, which has offices in Dorset and the Middle East.
Existing backers participating in the funding round are Verdetech Investments and Duvas’ executive management team.
Founded by Dr John Hassard and led by CEO Graham Smith, Duvas was spun out of Imperial College London in 2008 and has this year signed a distribution deal with a distributor in the air quality management sector.
The company’s technology also has potential applications in the security and oil and gas industries.