EMV Capital invests in RF tech business Sofant Technologies
15th October 2019
Level39 member EMV Capital joins Kelvin Capital and Scottish Investment Bank to invest in Edinburgh-based Sofant Technologies, a company developing innovative RF MEMS solutions for SatComs and 5G.
Sofant Technologies secured an investment of £1.8m to finalise the development of its technology and bring the millimetre wave antenna solution to market.
EMV Capital are a Level39-based venture investor focused on B2B companies in the industrial high-tech, energy, circular economy, smart cities and transportation sectors and healthcare.
Sofant Technologies are developing a unique, ultra-low power, low cost modular design which targets millimetre wave SatCom and 5G applications – expected to be at the core of data connectivity for industrial IoT and other applications.
Dr. Ilian Iliev, Managing Director of EMV Capital will be joining the Board of Sofant Technologies. He commented “Sofant sits at the intersection of the industrial data and connectivity revolution that is under way. In the future, transportation, industrial infrastructure, automated manufacturing will all require seamless low latency data connectivity. David and his team are developing an elegant and scalable approach that will be applicable to several telecom systems.
Based in Edinburgh, Sofant Technologies plans to use this funding to complete the commercialization of its proprietary RF MEMs product with a leading, high volume commercial foundry, and expand its industry partnerships for high-impact use cases.