LONDON, June 7 (Reuters) - DeepVerge, a London-listed company that tests wastewater for COVID-19 and also assesses skincare products, has raised 10 million pounds ($14.2 million) to fund expansion.
The company priced the new shares at 30 pence, representing a 11.8% discount on the closing price on June 4.
It is fitting new technology into its wastewater monitoring units, which number more than 3,000 installed in over 60 countries, to enable real-time detection of COVID and other contaminants, he said.
“If the virus is actually there, it’s detected immediately and an alert is made,” he said, adding that real-time detection was about three days faster than sending samples to a lab.
Shares in DeepVerge were trading down 3% at 32.5 pence on Monday.
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