ANB Sensors has confirmed that a “sizeable, oversubscribed investment round” was secured that will enable the Cambridge, United Kingdom-based company to commercialize its new calibration-free pH measuring technologies.
The financing is a co-investment by Hatch Blue, an early-stage aquaculture venture capital firm and experienced industry professionals represented by Namier Capital Partners Ltd.
“This investment will help deliver much needed new pH sensor technology to a multitude of sectors. Having completed our R&D phase, we are now ready to commercialize, and the advice and expertise from our new investors will be key to achieving this,” ANB Sensors CEO and Co-Founder Nathan Lawrence said.
According to ANB, pH sensing technology has changed very little in decades and is “simply not up to the task” in many emergent fields.
The expensive and fragile glass electrodes need to be manually calibrated on a regular basis, and do not operate in low-buffer media, while its technology is based on a voltammetric electrochemical technique that verifies the performance of the reference electrode and calibrate it, in-situ, when drift occurs.
It can either be retrofitted into the reference chamber of existing glass electrodes or combined with ANB Sensors solid-state pH sensor to form an all solid-state, robust, calibration-free solution.
Hatch Blue’s Managing Partner Georg Baunach said that the team at ANB Sensors had done “a tremendous job” in developing the technology.
“Measuring pH is a real pain-point, not only in aquaculture, and we are glad we can support this much-needed solution,” he said.
The company has secured in excess of GBP 1.3 million (USD 1.6 million, EUR 1.4 million) of grant funding to-date. It has filed nine patents, with more in the pipeline, according to Lawrence. The company also claims to be in discussions with a number of larger industry players, with hopes of growing internationally.
“We congratulate the ANB team for having developed ground-breaking technology that will radically improve the way pH is measured in multiple industrial environments and look forward to continuing to support the company’s commercialization and development over the long-term,” Namier Capital Partners Co-Founder Edward Chandler said
Photo courtesy of ANB Sensors
