Harwell, UK-based Helix Technologies, developer of antennas for GNSS (Global Navigation Satellite Systems), announced it has completed a significant investment round led by the UK Innovation and Science Seed Fund (UKI2S), managed by Midven, supported by Helix’s existing shareholders and incoming private investors. The funding round is geared at rapid growth as.
Helix commences manufacture of its precision GNSS antennas Following successful participation in Wayra’s Intelligent Mobility program and venture capital investor Seraphim’s Space Camp in 2020, Helix has generated strong industry and investor networks, and anticipates accelerated growth in 2021 and beyond.
Helix says the funding round will enable to strengthen its engineering team, build its IP portfolio and launch its first commercial antenna products in mid-2021. It will also provide the foundation from which Helix can raise further investment to start scale-up to mass production.
“We’re delighted to have the Midven team and the UKI2S fund onboard as an investor in Helix. We are now able to confidently demonstrate our technology to lead customers in defense, aerospace and automotive sectors, and anticipate moving forward into production of our super-accurate GNSS antennas,” said James Lewis, CEO of Helix.
“We believe this is an important strategic investment for the UK which will unlock safe, autonomous mobility,” Andy Muir, director at Midven, added. “Helix’s location at our partner Harwell Campus, home to the Harwell Space Cluster, is perfect to aid their growth.”