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Technology

Peter A Walker

University-supported energy start-up secures £3.3 million

Matw Williams University of Edinburgh Electricity

Energy technology start-up IONATE has secured £3.3m after a round of seed funding.

Founded in 2019 by chief executive Matthew Williams, it has been supported by Edinburgh Innovations (EI), the University of Edinburgh’s commercialisation service.

The round, which included investment from the University of Edinburgh’s venture fund Old College Capital, was led by IQ Capital, with additional support from Smartworks, Cycle Group and Zero Carbon Capital.

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