novosound

About

Novosound design and end-to-end manufacturing capabilities enables the development of highly customizable and scalable ultrasound solutions

Paisley,Renfrewshire,United Kingdom
1 - 10
http://www.novosound.net/

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: £3.70M
Industries: Electrical Distribution,Electronics,Manufacturing
Founded date: Apr 1, 2018
Number Of Employee: 1 - 10
Operating Status: Active

Novosound is the first spin-out company to emerge from the University of the West of Scotland. Novosound specializes in the design and manufacturing of innovative NDT products using groundbreaking, thin-film manufacturing techniques which addresses the limitations of traditional ultrasound. Novosound design and end-to-end manufacturing capabilities enables the development of highly customizable and scalable ultrasound solutions

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

£7.52M €3.90M

novosound has raised a total of £7.52M €3.90M in funding over 2 rounds. Their latest funding was raised on Dec 21, 2022 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 21, 2022	Series Unknown	£3.70M	4	Par Equity	—	Detail
Dec 12, 2019	Series Unknown	€3.90M	6	Foresight Group	—	Detail
Jul 1, 2019	Grant	£1M	1	Scottish Enterprise	—	Detail
May 2, 2018	Seed	£1.49M	3	Kelvin Capital Par Equity	—	Detail
Apr 5, 2018	Series Unknown	£1.17M	1	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

5

9

novosound is funded by 9 investors. Par Equity and Foresight Group are the most recent investors.

Investor Name	Lead Investor	Funding Round
Par Equity	Yes	Series Unknown
Foresight Group	—	Series Unknown
Kelvin Capital	—	Series Unknown
Scottish Enterprise	—	Series Unknown
European regional development fund (ERDF)	—	Series Unknown
Gabriel Investments	—	Series Unknown
Scottish Investment Bank	—	Series Unknown
Gabriel Investments	—	Seed
Rob Dobson	—	Series Unknown