Portfolio company Q-Bot, a robotics-as-a-service construction tech company, has closed a fundraising of £1.5 million. The Fundraising will provide Q-Bot with working capital to progress its revised business plan, which includes rationalising its business into two separate divisions, an installations business and a technologies focused business. The planned restructuring allows the installations business to attract investment to reach break-even and accelerate growth, and the technologies business to operate on a standalone basis and exploit multiple existing and new US and EU growth opportunities to create further value. The fundraising was led and syndicated by EMV Capital.
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