Kenoteq has secured almost £900,000 in new investment as part of an ongoing funding round.
The investment has been led by Kelvin Capital alongside the Scottish Enterprise Co-Investment Fund and several existing investors who have chosen to increase their backing of the business, demonstrating continued confidence in Kenoteq’s commercial progress and long-term growth strategy.
Importantly, the investment round remains open as the company continues discussions with prospective investors. Kenoteq is targeting a total raise of £2 million.
The first tranche of funding will support the next phase of the company’s commercial growth, increasing production capacity of its flagship product, the K-Briq®, and accelerating delivery across a growing pipeline of projects in the healthcare, hospitality and commercial sectors.
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