RAB Microfluidics joins Par Equity portfolio on the back of a £2.2m raise

2 September 2022

Par Equity is delighted to welcome RAB-Microfluidics to the Par portfolio as part of its £2.2m funding round with support from existing investors Eos, Newable Ventures and Scottish Enterprise.

The Aberdeen-based business has developed and patented a disruptive Microfluidics “lab on a chip” that is set to radically improve oil lubrication analysis in the global maritime industry. On the back of this funding ground, the business is looking to expand its team and accelerate the launch of the technology later this year.

We look forward to the upcoming journey with Rotimi Alabi (PhD, AMRSC, PIEMA), Jamie Grant and the larger RAB team. In addition, well done to the Par team (Tom Croy, Paul Munn), and thanks to Gavin Smith, Sam Lawsonand David J N Anderson at Addleshaw Goddard and Bruce Douglas at Confidas People.

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