EMV Capital joins Kelvin Capital and Scottish Investment Bank to invest in Edinburgh-based Sofant Technologies
By CoInvestor | 14 October, 2019
Sofant Technologies has secured investment of £1.8m to finalise its RF MEMS development and bring its millimetre wave antenna technology to market.
- Unique, ultra-low power, low cost modular design which targets millimetre wave SatCom and 5G applications – expected to be at the core of data connectivity for Industrial IoT and other applications
- Led by industry veterans with over 100 years combined industry experience
- Investment enables next phase of technology and market development.
Sofant Technologies, an innovative technology company is developing RF MEMS and millimetre wave beamforming antenna technology has secured investment worth £1.8m from EMV Capital and Sofant’s existing investor base in a round which was led by Kelvin Capital.
Sofant’s patented RF MEMS technology is built using a low cost, highly scalable platform and enables a highly efficient antenna design which reduces the power consumption of phased array antennas by as much as 70%.
David Wither, CEO of Sofant Technologies said: "We are very pleased to have EMV Capital on board and for their help in securing the capital that Sofant needed to finalise the commercialisation of our leading-edge RF MEMS technology. Ilian and his team bring a great corporate and investor network, and experience in working with scale-ups. They are pragmatic and results oriented."
Dr. Ilian Iliev, Managing Director of EMV Capital will be joining the Board of Sofant Technologies. He commented "Sofant sits at the intersection of the industrial data and connectivity revolution that is under way. In the future, transportation, industrial infrastructure, automated manufacturing will all require seamless low latency data connectivity. David and his team are developing an elegant and scalable approach that will be applicable to several telecom systems."
John McNicol, Director of Kelvin Capital said: “We are delighted to continue to support Sofant Technologies. From our initial investment in 2013, we have seen the company go from strength to strength. The potential impact the company’s technology could have on a number of markets on a global scale is truly exciting."
Based in Edinburgh, Sofant Technologies plans to use this funding to complete the commercialisation of its proprietary RF MEMs product with a leading, high volume commercial foundry, and expand its industry partnerships for high-impact use cases.
As with all investments, the offers shown on the CoInvestor platform will place your capital at risk: Investors may not get back the full amount invested. The investments listed are unlisted companies which are likely to be harder to value and sell than quoted shares.
