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Radiation Watch secures £2m Funding

Deal Release:

Radiation Watch secures £2m Funding

25 Sep 2006

ICON secures £2m funding for Homeland Security company

ICON advised Radiation Watch on the completion of a £2m funding round from Seven Spires Investments and a number of seasoned semiconductor private investors. ICON had previously closed a £450k seed investment round in the company from Seven Spires in April 2004.

Radiation Watch will use the additional funding to complete development of its revolutionary radiation detection technology “D3™”, which provides real time spectroscopic detection of radiation sources and the identification of isotopes.

The technology has applications in a wide range of markets, including Health Physics, Defence, Environmental Monitoring and Instrumentation, but in particular has really created excitement for those involved in Homeland Security initiatives around the world.

Key Facts:


Radiation Watch


United Kingdom

Key People

Peter Doughty, CEO


Deal type



Client Comment:

By Choosing ICON you will receive a level of deal expertise, personal commitment, know how and knowledge of the tech sector, unmatched by any other corporate finance firm
Peter Doughty, CEO, Radiation Watch
Radiation Watch