Christmas has arrived early for Zelim this year, with the company receiving £5.2 million in equity funding from the Amati AIM VCT fund managed by Amati Global Investors, existing investors and a number of new private investors, following the successful closure of Series A investment.

 

Receiving funding from this investment round, following successful previous rounds, is a testament to the hard work our team has put to these funding projects. Series A is typically most difficult, due to the relatively high value of the investment required, so hat’s off to all those involved.

This funding not only shows the confidence that the market has in the company and our ZOE, SWIFT and GUARDIAN products, but it helps us implement our ambitious strategy to ensure Search and Rescue communities all around the world have access to groundbreaking technology designed to save lives.

Alan Gilbert , Zelim’s CFO, says the company has also secured an additional £1.95m of capital  from Innovate UK’s Innovation Loan programme, which will fund ongoing development of the ZOE product line.

“We are delighted to welcome Amati AIM VCT as a new shareholder in Zelim. Amati AIM VCT, along with all our sponsors are investing at a key point in Zelim’s growth journey. It has been an incredible journey so far and 2025 is set deliver new opportunities as the maritime industries look to strengthen their Search & Rescue capabilities.”

Underscoring the importance of Series A investment to continued growth, Zelim CEO and founder Sam Mayall says: “As the year comes to an end, we can look now forward to a exciting 2025 as we light the torch on expanding commercial operations across the Americas, Middle East and Asia where there is strong demand for our life-saving technology. After initial seed funding, we thank and all our investors and customers for helping make 2024 such a milestone year. Thank you!”