Edesix Raises up to £2M in Debt Funding

Funding Rounds

▤ Summary

Edesix Ltd., an Edinburgh, UK-based manufacturer of Body Worn Camera solutions, raised up to £2m in debt funding. The company will use the funds for the expansion of its sales operations as it targets growth in the US market. Founded in 2002 and led by Richard McBride, CEO, Edesix provides a VideoBadge wearable camera system that enables users across a wide range of industries – from law enforcement and security to healthcare, retail, and public transport – to record video and encrypted footage. The company’s VideoManager software facilitates efficient and secure monitoring and control of cameras, as well as video editing and the preparation of evidence packages. The company is opening a new office in New Jersey later this month and expects to launch new products which will enhance the current offering to the Video Management Systems (VMS) market, whilst continuing to support and enable market growth within the US.

$ Funding

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Amount $2.9M Total raised
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Date April 16, 2018 Announcement date
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Investors Beringea Lead investors
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Company http://www.edesix.com Funded company

▥ Classifications

industries
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applications
General Data Management

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▦ Linked Companies

Edesix
$1M to $5M