- Portfolio company secures funding
- Massive increase in Netscientific’s stake
- Portfolio fair valuation three times market capitalisation
Aim-traded investment company Netscientific (NSCI:52p) has announced the close of the first tranche of a £1mn-£1.5mn funding round for portfolio company Ventive. The investee company has secured a £0.9mn investment led by EMV Capital, Netscientific’s wholly-owned corporate finance boutique.
Ventive designs and manufactures intelligent heating and ventilation solutions to make buildings healthy, comfortable, efficient and affordable. Its products address two high-priority market segments: air quality and sustainable heating. Ventive’s passive air ventilation system has been installed in more than 30 schools and five leisure centres. Its novel heat pump product, which is in advanced stages of development, is a comprehensive solution for residential applications, with a unique modular design and a novel thermal store. Momentum for the business is underpinned by regulatory changes, high energy prices, and supportive climate change policies.