Radiation Watch secures £2m Funding

ICON secures £2m funding for Homeland Security company

ICON advised Radiation Watch on the completion of a £2m funding round from Seven Spires Investments and a number of seasoned semiconductor private investors. ICON had previously closed a £450k seed investment round in the company from Seven Spires in April 2004.

Radiation Watch will use the additional funding to complete development of its revolutionary radiation detection technology “D3™”, which provides real time spectroscopic detection of radiation sources and the identification of isotopes.

The technology has applications in a wide range of markets, including Health Physics, Defence, Environmental Monitoring and Instrumentation, but in particular has really created excitement for those involved in Homeland Security initiatives around the world.

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“By Choosing ICON you will receive a level of deal expertise, personal commitment, know how and knowledge of the tech sector, unmatched by any other corporate finance firm”

Peter Doughty, CEO, Radiation Watch