KeTech announces Richard Moon to its Board as Chairman along with receiving £5m equity financing led by YFM Equity Partners

Funding Rounds

▤ Summary

– UK, Leeds – KeTech, a Nottingham based provider of rail communication systems and security products is receiving a £5m development capital investment from funds managed or advised by YFM Equity Partners. CEO Steve Berg, CFO Mike Tebbutt, and MD (Rail) Denise Lawrenson have led the KeTech business for the past five years. We look forward to working with Richard and the team as we cement our UK growth and push for larger international contracts.” Ian Waterfield, Investment Director at YFM Equity Partners who led the deal, added: “Growing rail passenger numbers and continued security threats all signal strong market opportunities for KeTech’s products. Access to this additional funding from YFM will enable the business to accelerate its development and to capitalise on the growth seen in its international markets. I am confident KeTech will continue to go from strength to strength.” - Disclaimer - News, data and statement included in this release are intended exclusively for general information purposes.

$ Funding

$
Amount $7.5M Total raised
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Date November 6, 2015 Announcement date
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Investors YFM Equity Partners Limited Lead investors
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Company http://www.ketech.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

◇ AskAI Classifications

Labels
Transportation Software Real-Time Information Systems Rail Industry Software

▦ Linked Companies

KeTech
$1M to $5M