The UK Innovation & Science Seed Fund has invested in Pireta, a smart textiles company leveraging technology from the National Physical Laboratory, aiming to optimize wearable technology and explore commercial opportunities.
Target Information
Pireta is an innovative company specializing in smart textiles, having been founded in 2017 to commercialize a patented technology developed at the National Physical Laboratory (NPL). The company was established by Dr. Chris Hunt, who invented a unique additive process that allows for the application of conductivity to various types of fabrics without compromising their handle or drape. Operating from NPL's Teddington campus in the UK, Pireta has positioned itself at the forefront of advancements in wearable technology.
The company has developed a proprietary additive process that enhances the conductivity of fabrics at any stage of production—ranging from yarn to finished garments. This technology promises to deliver superior levels of conductivity while maintaining the performance characteristics of the garments.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
The wearable technology market is rapidly expanding, driven by innovations in integrating sensors into textiles that can monitor physiological changes and capture movement data, such as di
Similar Deals
Sure Valley Ventures → Volograms Limited
2023
UK Innovation & Science Seed Fund
invested in
Pireta
in 2023
in a Seed Stage deal