Scottish technology companies raise money from angels

Two Scottish technology companies have raised significant sums to help boost their growth prospects.

Software firm Administrate received £1.7 million with backers including Archangels, the Scottish Investment Bank (SiB) and Tri-Cap.

Meanwhile Heriot-Watt University spin-out firm Chromacity, which is involved in laser development for scientific and industrial purposes, has secured around £520,000 from EOS Technology Investment Syndicate, Kelvin Capital, SiB and female entrepreneur group Investing Women Angels.

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