Longwall Ventures leads £1.4m round for Keit

Following the deal, the company will take steps towards bringing its MicroMTS spectrometer to market – through further accreditation – and invest in international expansion.

The Angel CoFund, Rainbow Seed Fund, Wren Capital and various angel investors also took part in the round.

Earlier this year, Longwall led a $4.7m funding round for Reading-based customer experience management software business User Replay.

Company
Headquartered in Harwell, between Oxford and Reading, Keit was founded in 2012 as a spinout from the Rutherford Appleton Laboratory.

The business has developed devices that measure molecular bonds, enabling the identification and concentration of components in a fluid. Its devices were originally produced for a space mission to Mars, though it has more recently been applied to industries such as the chemical, pharmaceutical, energy and food products sectors.

People
Longwall Ventures – David Denny (partner).
Angel CoFund – Tim Mills (investment director).
Keit – Dan Wood (CEO).

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