Funding for LastMile

LastMile Communications, a provider of wireless technology, has generated £4.1 million during its third round of fundraising. The total raised so far is £10.5 million.


LastMile Communications, a provider of wireless technology, has generated £4.1 million during its third round of fundraising. The total raised so far is £10.5 million.

LastMile Communications, a provider of wireless technology, has generated £4.1 million during its third round of fundraising. The total raised so far is £10.5 million.
Funding has been secured from a total of 195 private investors, including international defence and security technology company QinetiQ and a number of hedge funds. A further £6.4 million loan was secured from a technology partner.

The money will be used to broaden its range of wireless offerings, such as with local councils, and tap new markets, particularly North America.

At present, the company’s share valuation stands at £28 million.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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