PE Tech Report


Like this article?

Sign up to our free newsletter

Applied Monitoring secures £600,000 investment co-led by NEVF and Finance Durham Fund

Applied Monitoring, the Durham-based developer of sensor technology that can detect alcohol and drugs in a person’s blood by scanning their skin, has raised a £600,000 investment to enable it to commercialise its product.

The funding round was co-led by the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, and the Finance Durham Fund, managed by Maven Capital Partners, established by Durham County Council and overseen by Business Durham.
The deal also includes a £100,000 investment from the Centre of Processing Innovation to support further research and development of its technology.
Applied Monitoring’s innovative sensor system identifies the presence and concentration of alcohol, cocaine and cannabis in a person’s bloodstream by scanning their skin. The device generates electromagnetic waves at a range of different frequencies that pass through the skin and interact with chemicals in the blood that are reflected back, analysed and recorded.

Like this article? Sign up to our free newsletter