AirTube Technologies
Deal Type
Debt Finance
Initial Investment
December 2020
Sector
Services
Fund
MEIF Maven Debt Finance
Status
Current
AirTube specialise in the development, manufacturing and installation of pneumatic conveying systems, and specialist cash managements solutions, rising security screens and asset protection. AirTube received a £175,000 funding package to execute its ambitious product development plans, and the business aims to launch two new products within the next 12 months.
(Funding was supported by the Coronavirus Business Interruption Loan Scheme).
We are delighted to receive financial support from MEIF Maven. We have developed two new products, one in our traditional market of cash management that will assist our customers to further automate their cash management processes and a second product that will be used to sanitise products in the retail and health sectors, helping to reduce the spread of the Covid virus. The funds will assist us in achieving our very ambitious growth targets.
Attila Vitai, Director of AirTube Technologies Ltd