FourJaw’s six figure venture capital boost
by Startacus Admin
The Yorkshire-based tech spin-out, FourJaw secures major funding to assist with developing its technological solutions for the manufacturing sector
Fantastic news for Northern tech company, FourJaw, which has just secured a significant six-figure investment from a combined Angel and Venture Capital syndicate, valuing the company at £2m.
The innovative tech spin-out helps unlock productivity in manufacturers systems through their platform. The news of this funding comes just a few weeks after it was awarded a Business Productivity Programme grant to accelerate the development and roll out of its productivity maximising platform.
FourJaw co-founder, Robin Hartley, said: “We could not have asked for a better start; this six-figure investment puts us on track to refine and develop our technology in time for the launch of our next product in the spring – a plug and play device that unlocks step changes in productivity for British manufacturers, supporting a rapid post-Covid recovery and keeping the UK’s exporters truly competitive in the global marketplace.”
Edward Stevenson, Investment Executive at SFC Capital, the Venture Capital firm who added a significant sum to the combined Angel investment and one of the larger investors in FourJaw, said: “This investment shows our confidence in the game changing technology that FourJaw has developed. Much of UK manufacturing is tired with the hype surrounding Industry 4.0. But FourJaw have created a data-driven, productivity booster that is simple to install, easy to use and affordable to run. It is a technology right for its time, driving a manufacturing renaissance for post-Brexit and post-Covid Britain where productivity and competitiveness will be essential.”
The newly formed company is determined to make a significant impact, not just in its South Yorkshire base but also the wider UK manufacturing community.
And we have no doubt that it will - interesting times ahead!
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Published on: 1st March 2021
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