Archangel Investors and Scottish Investment Bank pump another £3.7m into Scots tech trio

The latest round of cash injections means Archangel and the SIB have now invested at total of £6.8 million in the three companies this year, with early-stage business investment specialist Archangel putting forward the £2.3 million bulk of the latest funding round.

Calcivis, a medical devices company focused on the management of tooth decay, has received a further £2.6m from its existing backers to fund the further development of its dental imaging system.

The investment has helped the Edinburgh-based company secure a further £2m in grant funding from the European Commission under its European Horizon 2020 SME (small and medium-sized enterprises) instrument programme.

NetThings, also based in the Capital received an additional £700,000. It will use the funding to expand its platform, which simplifies the connection and control of devices over the internet, from the domestic to the SME market.

Reactec has developed a solution to allow employees who use heavy tools to monitor and analyse their exposure to potentially harmful hand and arm vibration.

The company, whose solutions protect around 30,000 workers, will use its additional £400,000 of funding to fund three new roles and its sales routes to market.