Vala portfolio company FlexSea has successfully completed a £2m equity funding round led by Indico Capital Partners representing an uplift in the value of the company.
Vala’s Investment Director, Lian Michelson, said:
“This funding represents an inflexion point for FlexSea as it scales up its operations and production capacity. Vala’s funding has provided the early stage capital for the FlexSea, which has then allowed it to grow and attract more mature funding from the likes of Indico and Red Rice.”
Vala also took part in this most recent funding round.
You can view some of the press coverage here.