NuNano, a sensor developer spun out of Bristol University, has raised £400,000 ($515,000) in funding from investors including the institution’s Enterprise Fund, managed by investment firm Parkwalk Advisors, Insider Media reported yesterday.
The round was led by Bristol Private Equity Club, which supplied £250,000 in capital.
Founded in 2011, NuNano produces atomic force microscopy probes, which enable applications such as quality control of semiconductor technology and research in molecular biology.
The company was co-founded by James Vicary, then a post-doctoral research assistant, with Heinrich Hoerber, professor emeritus, and Mervyn Miles, professor of physics.
Vicary, co-founder and managing director, said: “This boost will trigger a step change in the growth of our business.
“The last few years have really been all about research and development of the products and now we will be able to continue that work and scale up our commercial activity.”
