Staff dig in for Reactec's £700,000 funding boost
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An Edinburgh firm that aims to protect workers from 'hand arm vibration' injuries caused by power tools has raised £700,000 in a funding round backed by its own staff.
Reactec, set up in 2001 as a spin-out from the University of Edinburgh, said its board, management and employees had invested £122,000 as part of the cash injection led by business angel syndicate Archangels, with co-funding from the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise.
• READ MORE: Reactec on track with £1m Network Rail contract
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