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.
“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