The deal, led and syndicated by the deep tech and venture capital specialist EMV Capital is an investment package provided by existing investors. The investment programme will involve additional closings with new investors through to April 2024.
The wider funding package also includes ongoing non-dilutive funding from the £1.5 million DESNZ grant secured by Ventive in 2022, as well as a recently awarded £100,000 UK Government grant focused on ‘net zero HVAC’ systems.
The funding will support the completion of the design and test phase and factory build for Ventive’s modular heat pumps, further enhancements to its passive ventilation product range, and build-up of its marketing and sales capacity to drive sales of its existing products.
