A Penningtons Manches corporate team led by partner, Chris Owen, advised Ancon Technologies Limited’s on its fundraising round of £1 million. This was raised through equity investment from various angel investors and the capitalisation of an outstanding convertible loan from Kent County Council.
Based in the Canterbury Innovation Centre in Kent, Ancon is a high tech company offering a revolutionary proprietary technology known as Nanoparticle Molecular Tagging (NMT). This provides unprecedented levels of sensitivity, offering a unique solution to many industries such as military, security and defence.
Ancon plans to use the money from the investment to complete approval trials and commercialise its first NMT-based product.