South West Investment Fund advised by Field Seymour Parkes invests £1m in QLM Technology to scale world-leading methane monitoring

"Field Seymour Parkes advised The FSE Group, appointed manager of the South West Investment Fund, on a £1m equity investment into Torbay-based QLM Technology. The investment is part of a £3.5m round to scale QLM’s quantum lidar methane monitoring technology and expand product development, partnerships and market reach."

Field Seymour Parkes advised The FSE Group, the appointed fund manager of the South West Investment Fund, on a £1 million equity investment into QLM Technology. The transaction: Torbay-based QLM Technology has secured £1 million in equity from the South West Investment Fund via The FSE Group. The investment forms part of a broader £3.5 million funding round intended to support the development and commercial scaling of QLM’s methane monitoring technology. QLM’s system employs a quantum lidar camera capable of detecting, locating and quantifying methane at a distance with high sensitivity, speed and accuracy. The company positions the solution as an autonomous, continuous, real-time monitoring option offered at scale and low cost for operators in oil and gas, utilities, wastewater, waste and biogas sectors facing tightening methane monitoring and reporting requirements. The new funding will be used to continue software and industrial product development and to expand channel partnerships and market reach. Field Seymour Parkes represented The FSE Group and the South West Investment Fund with a team composed by: Penelope Garden, Partner, Private Equity & Venture Capital; Avneet Athuraliya, Solicitor, Private Equity & Venture Capital.

South West Investment Fund advised by Field Seymour Parkes invests £1m in QLM Technology to scale world-leading methane monitoring

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