Maven and Parkwalk Lead £3.25M Funding Round in PervasID

November 21, 2024

RFID innovator PervasID has raised part of a £3.25 million funding round, including a £750,000 investment from Maven (via two Maven-managed regional funds) alongside co-investor Parkwalk Advisors. The funding will support PervasID’s commercial expansion (including a second base at NETPark, County Durham), further R&D and enhancement of its RFID hardware and data analytics software to serve retail, logistics, healthcare and aerospace customers.

Buyers
Maven Capital Partners / Maven Equity Finance, Finance Durham Fund (managed by Maven), NPIF II - Maven Equity Finance, Parkwalk Advisors
Targets
PervasID
Industry
Manufacturing
Location
Cambridgeshire, United Kingdom
Transaction Type
Growth capital

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