UK - Edinburgh Robotics wins new funding

Edinburgh Robotics Ltd has secured an equity investment led by Braveheart Ventures Ltd. The investment was completed via the SMART Equity Scheme which is designed to help spin-out companies, by providing matched funding to recipients of the Scottish Executive’s SMART awards. The funding was provided by Braveheart Ventures in partnership with Bank of Scotland Corporate through its Emerging Business team, and the Scottish Enterprise Scottish Co-investment Fund. This was used to match a SMART award won by the company’s two founders – Nils Roeder and Joe Halliwell – in 2005, and they recruited experienced technology business advisor Eric Hunter to help achieve the commercial objectives in their first year of operation. Chris Martin of Edinburgh lawyers Lindsays advised them.