Monodraught designs, manufactures, installs and maintains ventilation, cooling and lighting systems, providing full service from 3D building simulation analysis through to installation and maintenance. Led by managing director Andrew McCubbin, the business works predominantly within the education sector. The company intends to use the funding to develop a complete commercial ventilation and cooling product portfolio and to move into new markets. Monodraught received a £2.65m investment from Business Growth Fund (BGF). Following BGF’s involvement, Ewan Wilson was appointed non-executive chairman. The investment was led for BGF by Mark Nunny, Hugh Costello and Thomas McDonnell; Mark Nunny will join Monodraught’s board.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2017