Significant investment from LBA “Superangel “ Bruno Deschamps helps cornerstone Solus Scientific’s £700k funding round
Early stage Glasgow based bacteria detection specialist, Solus Scientific, has closed a circa £700k funding round which included a significant investment by LBA "superangel" Bruno Deschamps, Chairman & CEO of Entrepreneurs Partners LLP and EP Capital Ltd. The company, which presented to the LBA network in December 2010, is commercialising novel intellectual property in microbiological testing for pathogens such as Salmonella and Listeria. The company’s technology significantly reduces food time testing to 16 to 20 hours from 48 hours. The funds will be used to accelerate the commercialisation of the company’s product in the microbiological and food testing market. The company plans to launch the first of a new range of products for the rapid detection of foodborne pathogens in the Spring of 2012.
Stewart Wallace, Solus Director, comments “Solus met Bruno following the LBA event and was greatly impressed by his knowledge and experience in the food and hygiene sectors. Bruno was very supportive of our business proposition, confirmed his intention to invest and also expressed an interest in joining the Solus Board. We will also work closely with Bruno to develop our global distribution strategy.”
Anthony Clarke, Managing Director at London Business Angels, comments: “I am delighted that experienced LBA angel Bruno Deschamps has invested a significant sum as well as joining the Solus Scientific Board to assist in the development of the company. This is a very good example of the power of angel investing in an early stage company.”
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