Smart home firm completes £6m fundraising

Andrew Pearson, chief executive of LightwaveRF
Birmingham-based smart home solutions firm, LightwaveRF has applied to have new shares admitted for trading on the Alternative Investment Market (AIM). The move is the final phase of a £6m fundraising by the group as it looks to support its continued growth. The business, which competes with the likes of Hive and Nest, has so far raised £2m through a firm placing and has conditionally raised a further £3m from new and existing shareholders. It is now seeking shareholder approval for an open offer to raise an additional £1... For the full story register now for free or login below...