A Bristol technology and renewables company has secured £15.2m in a Series B fundraising round.
Rovco, a provider of remotely operated underwater vehicles (ROV) and hydrographic services to the offshore sector, and its sister company Vaarst - a marine robotics firm - said the cash would help "propel" the business forward.
The fundraise was co-led by financial services giant Legal & General, which will invest £8.5m, alongside the venture capital arm of international energy company Equinor. Other participants include existing shareholder Foresight Group and In-Q-Tel, a strategic investor for the US intelligence and defence communities and allied nations.
