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Aberdeen-based tech firm raises £2.2m to scale oil analysis device

Investors in this round: Par Equity, Eos, Newable Ventures, Scottish Enterprise

Par Equity is delighted to welcome RAB-Microfluidics to the Par portfolio as part of its £2.2m funding round with support from existing investors Eos, Newable Ventures and Scottish Enterprise.

The Aberdeen-based business has developed and patented a disruptive Microfluidics “lab on a chip” that is set to radically improve oil lubrication analysis in the global maritime industry. On the back of this funding ground, the business is looking to expand its team and accelerate the launch of the technology later this year.

Read more here: https://bit.ly/3ADkgyS

£2.2m

Aberdeen-based tech firm raises £2.2m to scale oil analysis device

Aberdeen-based tech firm raises £2.2m to scale oil analysis device

By Claire Par Equity Profile 07 Sep 2022