DFx Technology received £1.2 million of private investment from a venture capital firm.
Percipent Capital invested in the Oxfordshire based company because of their 25% year-on-year growth. DFx Technology makes LED flat panels and 2D fixtures for the general public.
DFx plan to use this investment to grow their company. They will do this by: hiring more people, investing in research and development and adding a new high-tech manufacturing facility.
Director of Percipent Capital, Jason Gould, said:
We are delighted to have made an investment into DFx Technology in order to help the business expand further. The company has developed a market leading set of products and technologies and we have been very impressed with the rapid growth. The company already has an enviable client base, including major international groups, and the investment will ensure that the company can expand the rollout.
Chairman of DFx Technology, Dr Alan Wyn-Davies, said:
Percipent has a strong track record of funding and supporting high-growth companies, helping them to expand both in the UK and abroad. We to working with them over the coming years.