North Yorkshire based Peratech, a world leader in 3D force-sensing technologies, announced it has raised £9.2 million ($12.4 million) from strategic investor Merck Ventures, Arie Capital and Tranquil Capital with the help of Freeths LLP.Andy Francey, the corporate partner at Freeths in Leeds who led the deal and advised Peratech through previous investment rounds, commented
"The successful fundraising round is testament to the hard work and vision of the Peratech team. The level of investment, which exceeded the initial target, is a clear signal of confidence in the company's proprietary QTC (Quantum Tunnelling Composite) technology." "The quality of investors to the round is testament to the technology's potential, our business model, and most importantly our talented global team." Giving a nod of thanks to the legal team at Freeths under Francey, Stark added, "To successfully grow the business while fundraising was a critical challenge; I could not have done it without Andy's competence and diligence whilst completing the round."[email protected]
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