Tended Raises £2m for Railway Safety Tech Expansion
Deal News | May 07, 2025 | Business Cloud
Tended, a Lincoln-based company specializing in wearable safety solutions for railway staff, has raised £2 million to fuel its expansion into new sectors and global markets. The company's geospatial positioning device alerts railway workers when they leave designated safe zones, thereby mitigating risks associated with open lines and heavy machinery. This funding round, led by Praetura Ventures with participation from Blackfinch Ventures and other angel investors, will aid Tended in broadening its IP portfolio and launching the next generation of its wearable device. Tended has recently secured a significant contract with Network Rail and partners with Siemens Mobility, which is incorporating Tended’s geofencing technology nationwide. Moreover, the company plans to increase its headcount, focusing on sales and engineering, and aims to venture into new markets, enhancing the reach and impact of its technology in worksite safety management.
Sectors
- Transport and Infrastructure
- Technology and Innovation
- Venture Capital
Geography
- United Kingdom – The article focuses on Tended, a Lincoln-based company, and its activities in the UK railway sector. Additionally, investors and partners such as Network Rail and Siemens Mobility are primarily operating within the UK.
- Europe – The article mentions that Tended plans to expand into other global markets and mentions the involvement of European investors, indicating a wider geographical interest in the company's technology.
Industry
- Transport and Infrastructure – The industry is relevant since Tended's technology is primarily being applied to enhancing railway safety, which is a crucial segment of transport infrastructure.
- Technology and Innovation – The development and application of geospatial positioning devices to improve safety highlight the technological and innovative aspects of Tended's business operations.
- Venture Capital – This industry classification is relevant due to the involvement of Praetura Ventures and Blackfinch Ventures in funding Tended, demonstrating ongoing investment activity in innovative tech companies.
Financials
- £2 million – The total funding amount raised by Tended in the latest investment round led by Praetura Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tended | Target | Company | A Lincoln-based company providing wearable safety technology solutions for the railway industry. |
| Praetura Ventures | Investor | Company | A venture capital firm leading the £2m funding round for Tended's expansion. |
| Blackfinch Ventures | Investor | Company | An existing investor participating in the £2m funding round for Tended. |
| Network Rail | Client | Company | A major client of Tended, has secured a seven-figure contract with the company. |
| Siemens Mobility | Client/Partner | Company | A major client of Tended, integrating its geofencing technology into its operations. |
| Leo Scott Smith | CEO | Person | CEO and founder of Tended, leading the company's growth and technological advancements. |
| Andy Barrow | Board Member | Person | Praetura partner who joined Tended's board following the investment. |
| Ijaz Khan | Board Member | Person | Representative from Blackfinch Ventures who joined Tended's board following the investment. |