Aircards Secures £3.0 Million from Foresight for Growth
Deal News | Aug 20, 2025 | Foresight Group
Aircards Ltd, an immersive technology specialist based in Newcastle, has received a £3 million investment from Foresight Group, a prominent private equity and infrastructure investment manager. With 32 employees, Aircards is known for creating immersive experiences for top-tier clients and has developed two primary products: Invisionary and Metalitix. The funding will aid in expanding both Aircards' hardware and software capabilities and will enhance their market reach. This strategic investment is expected to boost Aircards' workforce by 30% in the coming years, and will see Euan Jarvie, former CEO of Dentsu UK&I, join as Executive Chair to assist with the company’s domestic and international growth initiatives. Foresight Group is committed to nurturing growth among innovative SMEs in the North East, making this investment part of their regional focus.
Sectors
- Immersive Technology
- Private Equity
- Corporate Finance
Geography
- United Kingdom – Both Foresight Group and Aircards are based in the UK, with the investment specifically aiming to support growth in the North East region.
Industry
- Immersive Technology – Aircards operates in the immersive technology sector, developing software and hardware solutions for interactive and engaging experiences.
- Private Equity – Foresight Group is a private equity firm, providing capital to companies like Aircards for growth and expansion.
- Corporate Finance – Azets Corporate Finance and other advisors were involved in the financial structuring of the investment deal.
Financials
- £3.0 million – Investment amount by Foresight Group into Aircards Ltd.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Foresight Group | Investor | Company | A leading regional private equity and infrastructure investment manager. |
| Aircards Ltd | Target Company | Company | An immersive technology specialist known for developing and delivering interactive experiences. |
| Euan Jarvie | Executive Chair | Person | Appointed as Executive Chair at Aircards to assist with strategic growth plans. |
| Michael Watson | Founder | Person | Founder of Aircards, overseeing the strategic direction with new investment. |
| Jordan Lavender | Senior Investment Manager | Person | Senior Investment Manager at Foresight Group, involved in the Aircards investment. |
| Azets Corporate Finance | Corporate Finance Adviser | Company | Provided corporate finance advisory services for the investment deal. |
| Muckle LLP | Legal Adviser to Aircards | Company | Provided legal advice to Aircards during the investment process. |
| KL Accountants | Financial Adviser to Aircards | Company | Provided financial advisory services to Aircards. |
| UNW LLP | Financial Due Diligence for Foresight | Company | Conducted financial due diligence for Foresight Group. |
| Womble Bond Dickinson | Legal Adviser to Foresight | Company | Provided legal advice to Foresight Group. |
| Gallaghers | Insurance Due Diligence for Foresight | Company | Conducted insurance due diligence for Foresight Group. |
| Kryptokloud | Cyber Due Diligence for Foresight | Company | Conducted cyber due diligence for Foresight Group. |
| Mosaic Island | Technical Adviser to Foresight | Company | Provided technical advisory services to Foresight Group. |