Tended Secures £2 Million Investment to Enhance Railway Safety Tech
Deal News | May 07, 2025 | Blackfinch
Tended, a Lincoln-based railway safety technology start-up, has secured £2 million in funding from Praetura Ventures and Blackfinch Ventures. With its innovative geospatial positioning device that alerts railway workers of exiting designated safe zones, the company aims to reduce preventable accidents and expand into new markets, including Ireland, Northern Ireland, and the Netherlands. The recent investment is facilitated by Praetura's EIS Growth Fund and existing support from Blackfinch Ventures, alongside angel investors, to enhance the company’s IP portfolio and grow its sales and engineering teams. Tended's technology is already integrated within major clients like Siemens Mobility and Network Rail, showcasing the system's efficacy and promise in enhancing safety standards across worksites through advanced geospatial data. This investment marks a pivotal growth phase for Tended, aligning with its goals to pioneer in railway infrastructure safety and expand its transformative technology into broader markets.
Sectors
- Railway Safety Technology
- Venture Capital
Geography
- United Kingdom – Tended is a Lincoln-based company, with significant operations and contracts within the UK, including Network Rail and Siemens Mobility.
- Ireland – The expansion region for Tended as they begin to work with Irish Rail and digitize railway worksites.
- Netherlands – Another expansion target for Tended, showcasing their ambitions to bring their safety technology to European markets.
Industry
- Railway Safety Technology – The article focuses on Tended's technological advancements in railway safety, employing geospatial positioning devices to improve safety standards for railway workers.
- Venture Capital – Key investments by Praetura Ventures and Blackfinch Ventures in the railway safety start-up highlight the involvement of venture capital in innovative technology solutions.
Financials
- £2 million – Total investment raised from Praetura Ventures, Blackfinch Ventures, and angel investors to enhance Tended's growth and technological capabilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tended | Target Company | Company | A railway safety tech start-up focusing on innovative geospatial positioning devices to enhance worker safety. |
| Blackfinch Ventures | Investor | Company | An existing investor in Tended providing financial support to drive technological and market expansion. |
| Praetura Ventures | Investor | Company | A venture capital firm leading the £2 million funding round for Tended, seeking to expand its presence in transport technology. |
| Siemens Mobility | Customer | Company | Collaborates with Tended to integrate geospatial technology into its national operations, enhancing railway safety. |
| Network Rail | Major Customer | Company | Has a multi-million-pound contract with Tended to improve safety within railway operations. |