Mesuro
Business profile
Location: south east Wales
Sector: communication
Web site: www.mesuro.com
Investment
First round: £370,000 (part of a £1m
co-investment with Fusion IP and the ERA Foundation)
Second round: £124,000 (part of a £350,000
co-investment with Fusion IP and the ERA Foundation)
Type: equity
Executive: Steve Smith
Why we invested
Mesuro is a Cardiff University spin-out
with unique IP. The company developed a novel technology that can
reduce CO2 emissions and mobile phone companies’ energy
consumption.
The outcome
Mesuro used the first investment round to commercialise
technology that improves mobile communications’ networks energy
efficiency. The second round will support Mesuro in its US sales
drive.
Testimonials
“The ERA Foundation is committed to supporting the
electro-technology sector. We’re excited by the technology Mesuro
has produced and for the opportunity to invest in a spin-out from
Cardiff University.” Sir Alan Rudge, chairman, ERA Foundation.
“We were pleased to structure an investment package that affords
Mesuro the opportunity to complete its product development and
achieve its all important first sales.” Steve Smith, director of
early stage investments, Finance Wales.