Deals in 2005
Round 2 Funding
Sector Radiation Detection
Funded by Seven Spires, Private Investors
Radiation Watch Limited – ICON secures £2m funding for Homeland Security company
ICON advised Radiation Watch on the completion of a £2m funding round from Seven Spires Investments and a number of seasoned semiconductor private investors. ICON had previously closed a £450k seed investment round in the company from Seven Spires in April 2004.
Radiation Watch will use the additional funding to complete development of its revolutionary radiation detection technology “D3™”, which provides real time spectroscopic detection of radiation sources and the identification of isotopes.
The technology has applications in a wide range of markets, including Health Physics, Defence, Environmental Monitoring and Instrumentation, but in particular has really created excitement for those involved in Homeland Security initiatives around the world.