CSignum Advances with £6m Funding
Deal News | Apr 22, 2025 | Business Cloud
CSignum, a leading provider of wireless technology, successfully completed a £6 million Series A funding round. The Bathgate-based company plans to use the investment to grow its engineering team, enhance its product portfolio, and expand its global presence. CSignum's EM-2 solutions employ patented electromagnetic field signaling capable of reliable data transmission through challenging environments like water and soil, positioning itself uniquely in the market. The funding round saw participation from Archangels, Par Equity, and Scottish Enterprise among others, including British Business Investment (BBI) and prominent individual US investors. This investment highlights the increasing need for innovative communication solutions in the underwater IoT sector as CSignum aims to meet growing environmental regulatory demands across the UK, EU, and US markets.
Sectors
- Wireless Technology
- Investment and Funding
Geography
- United Kingdom – CSignum is based in Bathgate, UK, and much of its operations and growth strategy are UK-centric.
- European Union – CSignum aims to expand its market presence in the EU to address growing environmental and regulatory requirements.
- United States – CSignum is engaging with customers in the US market, looking to expand its operations and market presence there.
Industry
- Wireless Technology – CSignum is a wireless technology provider focusing on innovative communication solutions for challenging environments.
- Investment and Funding – The article discusses a Series A funding round involving various investment firms and participants, highlighting investment activities.
Financials
- £6,000,000 – The amount raised by CSignum in the Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CSignum | Target Company | Company | A wireless technology provider specializing in innovative communication solutions for underwater and underground applications. |
| Archangels | Lead Investor | Company | An investment group that led the Series A funding round for CSignum. |
| Par Equity | Investor | Company | An investment firm participating in CSignum's funding round. |
| Scottish Enterprise | Investor | Government | Scotland's national economic development agency, investing in CSignum. |
| British Business Investment (BBI) | Investor | Company | A commercial subsidiary of the British Business Bank, supporting CSignum's funding. |
| Raptor Group | Investor | Company | A participant in the investment round for CSignum. |
| Deep Future | Investor | Company | Contributed to CSignum's funding to enable expansion and technological advancement. |
| SeaAhead's Blue Angel Network | Investor | Company | Investment entity focused on supporting maritime and ocean-related innovation. |
| Jonathan Reeves | CEO | Person | CEO of CSignum, emphasizing the impact and future potential of the company's technology. |
| Dan McKiddie | Investment Manager | Person | Investment manager at Archangels, highlighting the investment's transformative potential for CSignum. |