Our Corporate finance team supports Veragon with its successful first round equity fund raise from private investors
Veragon is a pioneer in the environmentally friendly ‘Air to Water’ sector. The manufacturer has developed modular and scalable products, converting humidity within the air into clean mineralised drinking water.
Developed in Italy by Dr Alessio Lucattelli, the technology has been acquired by UK based Veragon. The UK is a broader base for a water solutions company, with enhanced access to international clients and markets. Veragon’s products are targeted at a number of sectors where water is a strategic asset including; the military, humanitarian and CSR projects.
Equity fund raise
As a result, the successful fundraising will enable Veragon to enhance its sales, marketing and production functions to capitalise on its strong customer pipeline.
David Painter, Chairman of Veragon commented; “The Roffe Swayne Corporate finance team have been accessible and proactive throughout the fund raise process. Providing the key support that an early stage business is looking for during its development phase. We look forward to continuing to work with Roffe Swayne as the business grows”.
Roffe Swayne commented; “The UK cleantech sector remains very active and this transaction illustrates the investment potential for companies operating in this sector. Consequently, cleantech businesses with proven technology and a clearly articulated growth strategy are highly attractive to private and institutional investors. Valuations remain strong despite the global uncertainties”.