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Amphion partner Kromek completes 12.3m fundraising

Business Financial Newswire

Amphion Innovations' partner company Kromek has raised 12.3m in the second close of its oversubscribed series D financing.

Amphion said the current financing had been raised from a predominantly private investor base, but investment had also been secured from corporate and institutional sources.

Amphion now owns 17% of Kromek, on a fully diluted basis, which is valued at 52m.

Amphion said the additional capital would enable Kromek to expand its activities.

Kromek specialises in the development of disruptive technology solutions for a range of commercial markets including airport and border security.

Story provided by Business Financial Newswire