Laytrix develops equipment for the offshore industry, with two core products: a system for laying pipes and cables and a system for decommissioning them. The company was founded by Andrew Stevenson, who is also CEO of marine engineering consultancy Ardmore Craig. Laytrix secured a £385K funding package provided by NPIF – Mercia Equity Finance, managed by Mercia and part of the Northern Powerhouse Investment Fund, with participation from the senior management team. As part of the investment the company appointed Gary Hogg, former COO of Global Maritime, as a non-executive director. The company will use the funds to bring its first two systems to market. Laytrix is based in Darlington, UK.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

May 2018