DFJ Esprit, Greencoat Capital invest £6m in Aveillant

Greencoat backed the company via its ESB Novusmodus fund, a €200m cleantech fund that counts only Irish utility company ESB as an investor.

Cambridge Consultants, the company from which Aveillant span out in 2011, also invested in the round alongside the two firms.

The fresh capital will be used to support the recent commercialisation of the company's 3D holographic radar product. Trials for the product were carried out in the US and Scotland last year.

Previous funding
In October 2011, DFJ Esprit led the company's first multi-million dollar funding round alongside Cambridge Consultants and Aviation Investment Fund, according to unquote" data.

This was followed by a second funding round in March last year. The company secured £6.75m in a round led by Greencoat via its ESB Novusmodus fund. DFJ Esprit and Cambridge Consultants returned to reinvest in the company.

Company
Aveillantspan out from Cambridge Consultants in October 2011. The Cambridge-headquartered company provides 3D holographic radars – the technology is predominantly designed to address air traffic control around wind farms, due to the interference wind farms can create for an air traffic controller's view when built in the line of sight of an air traffic control radar.

Aveillant's technology is designed to distinguish wind turbines from aircraft, thus feeding only aircraft positional information to the air traffic control radar.

People
David Crisp is the CEO of Aveillant.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• DFJ Esprit