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INDUSTRY FIRST

Durham Iot Technology Company Raises Additional £480K For Growth

Jul 22, 2022about 3 years ago

Amount Raised

£480,000

Round Type

seed

Durham

Description

Plexus Innovation, which is based in Durham, has secured £300,000 investment from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia; and £180,000 from the Finance Durham Fund, managed by Maven Capital Partners, established by Durham County Council and overseen by Business Durham.

Company Information

Company

Durham

Location

Durham, North Carolina, United States

About

Since then the company has tripled to employ an eight-strong team and is planning to create two new jobs in the coming months.

FundzWatch™ Score

79
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech