Anacail, a spinout from Glasgow University that is developing ozone technology for the food industry, has raised £2m ($3m) in its series A round.
The Scottish Investment Bank, the investment arm of Scottish Enterprise, and UK-based investment company IP Group reinvested in Anacail in the round having previously invested in the company’s early 2013 £750,000 seed round.
UK-based investment firm Sussex Place Ventures invested for the first time in this round. Anacail has created technology to be used in the food industry to keep food fresh. By changing the oxygen contained within a package to ozone, a natural germicide, it protects the food. The ozone then naturally changes back to standard oxygen safely.
It also has applications in medical device sterilisation.
Richard Gourlay, managing partner at Sussex Place Ventures, said: “We were particularly attracted to Anacail because of its technology, market potential and team. They have made significant progress since the seed funding stage and we were keen to be part of this funding round, a major milestone for the company. We believe Anacail has a very exciting future.”
