Successful fundraising for smart home technology company

October 30, 2017

 

LightwaveRF, the Birmingham-based company that is competing with Hive and Nest in the smart home market, is looking to raise £6m to fund its growth.

 

The business is listed on the Alternative Investment Market and in September its share price hit a two-year high on the back of a key deal with Deta, which promised revenues of £2m in its first year. 

 

It is looking to build on its momentum with a fundraising in three parts. It has raised £2.0m through a firm placing and has conditionally raised a further £3.0m from ... (please visit The Business Desk for the full story)

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