UK - Finance Wales et al. invest £1m in Mesuro
Government-backed Finance Wales, university investment group Fusion IP and the ERA Foundation have invested £1m in mobile communications company Mesuro.
Mesuro is a spinout from Cardiff University. The company develops technology that enables the energy efficient operation of base stations in mobile communication networks and mobile phones by using less power, thereby reducing CO2 emissions. Wireless applications, such as Bluetooth and wifi, rely on power amplifiers to broadcast signal. Mesuro's product allows the mobile phone manufacturer to make their power amplifiers operate efficiently.
Finance Wales and Fusion IP are each contributing £375,000, while the ERA Foundation is investing £250,000.
The new capital will be used to complete the company's product development and commercialise its technology.
More on Early-stage
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
French mega-rounds shoot up in 2021
France has already seen as many rounds of EUR 100m and above than in 2019 and 2020 combined, Unquote Data shows
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater