Gas compressor manufacturer Vert Rotors receives £1.5m funding
Vert Rotors, an Edinburgh, Scotland, UK-based compressor manufacturing company, received £1.5M in funding.
Business angel syndicate Equity Gap led the deal alongside the venture capital firm Par Equity, US syndicate Aero-Den and the Scottish Investment Bank, the investment arm of Scottish Enterprise.
The company intends to use the funds to increase capacity at its manufacturing facility in Gracemount, Edinburgh and expand its customer base.
Founded by Olly Dmitriev in 2013, Vert Rotors is a compressor manufacturer which specializes in low-vibration compressors designed for use in aerospace or medical technology and other applications where vibration and noise are not acceptable, and dimensions and weight are mission-critical.
Customers include Fortune-500 manufacturing companies in the EU and the USA.