Successful fundraising for smart home technology company
LightwaveRF, the Birmingham-based company that is competing with Hive and Nest in the smart home market, is looking to raise £6m to fund its growth.
The business is listed on the Alternative Investment Market and in September its share price hit a two-year high on the back of a key deal with Deta, which promised revenues of £2m in its first year.
It is looking to build on its momentum with a fundraising in three parts. It has raised £2.0m through a firm placing and has conditionally raised a further £3.0m from new and existi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
