Scotmas Secures £2.2 Million for Global Expansion in Water Treatment
Deal News | Jan 15, 2025 | Business Cloud
Scottish water treatment technology company Scotmas has secured £2.2 million in equity funding to fuel its global expansion strategy. The substantial investment will enable the company to accelerate its growth, particularly in the Middle East and South American regions by setting up local sales, manufacturing, and servicing capabilities. Scotmas, a Kelso-based family enterprise with 50 employees, plans to generate 40 more jobs over the next three years. Its primary technology, focusing on using chlorine dioxide to manage bacterial presence in water and food surfaces, currently serves global markets such as New Zealand, Dubai, and Chile. The investment round was spearheaded by Maven Capital Partners via the Investment Fund for Scotland, supported by Scottish Enterprise and the British Business Bank. This funding is set to enhance Scotmas's operations and innovation, positioning them to deliver sustainable water treatment solutions worldwide.
Sectors
- Water Treatment Technology
- Venture Capital & Private Equity
Geography
- United Kingdom – Scotmas is based in Kelso, Scotland, and the investment involves Scottish Enterprise and a fund managed from Scotland.
- Middle East – Scotmas intends to establish sales and manufacturing operations here as part of its expansion plans.
- South America – Scotmas is focusing on establishing a presence in this region as part of its international expansion.
Industry
- Water Treatment Technology – Scotmas operates in the water treatment sector, utilizing advanced technology such as chlorine dioxide applications for bacterial control.
- Venture Capital & Private Equity – The investment in Scotmas was facilitated by Maven Capital Partners and relates to equity funding and venture capital activities.
Financials
- £2.2 million – Total equity funding secured by Scotmas for global expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scotmas | Target | Company | A family-owned Scottish company specializing in water treatment technology. |
| Maven Capital Partners | Lead Investor | Company | Investment firm that led the funding round for Scotmas. |
| Investment Fund for Scotland (IFS) | Investor | Company | Provides financial backing, managed by Maven Capital Partners. |
| Scottish Enterprise | Investor | Company | National economic development agency that invested in Scotmas through the funding round. |
| British Business Bank | Institutional Support | Government | UK government-owned business development bank supporting the investment framework. |