Investment in Ekkosense from the FNF

Investment in Ekkosense from the FNF

Foresight Group has made another significant investment from the Foresight Nottingham Fund (FNF) into Nottingham-based software and sensor business Ekkosense Limited. This follows deals involving local businesses S4RB and PlayerLayer in the month of November.

Ekkosense is a Nottingham-based business specialising in developing and delivering expert software analytics, low cost innovative sensors and vendor agnostic thermal expertise for optimising the performance of data centres, server rooms, power transmission sites, solar plants and telecoms equipment. It includes Nottingham City Homes amongst its customers.
The investment will enable the business to continue to develop its software functionality and sensor technologies for further applications within the critical built environments, enabling its customers to reduce operational risk, benefit from energy savings and release unused or unavailable capacity. Mike Quinn and Matt Smith led the deal from Foresight’s Nottingham office, Mike will join the Board as Investor Director.
The Foresight Nottingham Fund is a £40 million fund that targets equity investments of up to £2 million into growth companies, with a focus on Nottingham and the Nottinghamshire region.
Dean Boyle, CEO, Ekkosense commented: “We’re excited by the opportunities that this extra capital provides Ekkosense in terms of accelerating the businesses’ software growth. Our EkkoSoft software platform has received fantastic customer feedback and we will be adding new functionality for our data centre customers and driving growth in other critical sectors via our breakthrough IoT technologies. We look forward to collaborating with Foresight’s experienced investment team to drive sales and improve key services in order to maintain a position at the forefront of the market.”
 

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