4T2 Sensors Secures £796,000 to Revolutionize F&B Manufacturing Sustainability
Deal News | Jan 17, 2025 | Midven Limited
Birmingham-based 4T2 Sensors has successfully raised £796,000 in a seed funding round to enable food and beverage (F&B) manufacturers to meet Environmental, Social, and Governance (ESG) requirements. The funding includes a £249,965 investment from the West Midlands Co-Investment Fund (WMCO) and contributions from Waterpoint Lane alongside a group of angel investors. Managed by Midven, part of Future Planet Capital, this fund aims to support SMEs with high growth potential in the West Midlands region. 4T2 Sensors has developed an innovative fluid analysis and monitoring sensor designed to optimize the Clean-in-Place (CIP) process, potentially reducing CIP time by 20%. The funding will assist in obtaining crucial certifications such as ATEX, hiring product and application engineers, and furthering market expansion. CEO Max Swinbourne is optimistic about the transformative impact of their technology on the F&B industry's sustainability practices. Rupert Lyle, Investment Director at Midven, echoed the sentiment, highlighting the potential of 4T2's technology to address key environmental challenges.
Sectors
- Food and Beverage Manufacturing
- Sustainability and Environmental Solutions
- Private Equity and Venture Capital
Geography
- United Kingdom – 4T2 Sensors is based in Birmingham, UK, and the investment is aimed at SMEs in the West Midlands region.
- West Midlands – The West Midlands Co-Investment Fund is a regional fund contributing to the growth of SMEs in the West Midlands area.
Industry
- Food and Beverage Manufacturing – The article focuses on improvements in sustainability and efficiency within the F&B manufacturing sector using innovative sensor technology.
- Sustainability and Environmental Solutions – The article discusses funding and technology aimed at reducing waste and improving sustainability in industrial processes, specifically in the F&B sector.
- Private Equity and Venture Capital – Funding for 4T2 Sensors involves co-investment from private firms and angel investors, demonstrating an interest from the PE and VC sectors in innovative technological solutions.
Financials
- £796,000 – The total seed funding amount raised by 4T2 Sensors.
- £249,965 – The investment amount from the West Midlands Co-Investment Fund as part of the seed round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 4T2 Sensors | Target | Company | A Birmingham-based company developing innovative fluid analysis and monitoring sensors for the F&B industry. |
| Midven Limited | Investor | Company | A part of Future Planet Capital, involved in managing the West Midlands Co-Investment Fund. |
| West Midlands Co-Investment Fund (WMCO) | Investor | Fund | A fund managed by Midven, designed to support high-growth potential SMEs in the West Midlands. |
| West Midlands Combined Authority (WMCA) | Investor | Government | Along with the West Midlands Pension Fund, WMCA launched the WMCO to boost regional economic growth. |
| Max Swinbourne | CEO | Person | CEO of 4T2 Sensors, involved in driving the mission to enhance sustainability in F&B production. |
| Rupert Lyle | Investment Director | Person | Investment Director at Midven and Fund Principle of WMCO, supporting the investment in 4T2 Sensors. |
| Waterpoint Lane | Investor | Company | An investor participating alongside the WMCO and angel investors in funding 4T2 Sensors. |