£275K investment for measurement technology
The latest funding into Capaltec, which is creating a new family of laser measurement devices, brings the total investment into the company to £275,000 in just ten months.
£200K of this has been directly invested through Halo, the Northern Ireland business angel network.
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Hide AdThe company is now set to launch ‘HeightLight’, the world’s first handheld laser height measuring device, this summer.
Capaltec’s CEO, Tristan Brittain-Dissont, explained: “If you want to measure the height of a person – or indeed, a horse, wardrobe, door or any number of everyday things - how would you do that? Astonishingly, although it is 2016 and we are surrounded by sophisticated hand-held measurement devices, the only readily available tools for measuring the height of everyday things are sticks and tapes – ‘technologies’ that were invented thousands of years ago. That’s why we invented HeightLight.
Alan Watts, Director of Halo, based at the Northern Ireland Science Park, said: “Capaltec is a perfect example of a company which has taken an everyday object like a tape measure and taken it into the 21st Century. It’s a simple idea but our angels were impressed with the potential of the product; you only have to look at industries such as veterinary medicine, farming, consumer health, “