UK- Octopus Ventures further invests £900,000 in Phasor Solutions
Octupus Ventures has invested a further ТЃ900,000 in satellite communication company Phasor Solutions, as part of a ТЃ1.5m funding round.
This will bring Octopus' total investment in the business to £1.5m.
Founded in 2005, Phasor develops flat-panel phased array antennae, which can be used to move trains and airplanes and to deliver broadband internet access. The antennae can also be used in the aerospace and military sectors. The company is based in Ledbury.
The new funding will be used to further develop Phaser's technology, as well as expand the company's sales and marketing functions.
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