Radio Physics Solutions Ltd logo
Radio Physics Solutions Ltd Funds raised:£588,000

Ruffena investors provided £588,000 into Radio Physics, the originator of a highly portable threat detection technology for crowded areas.

Chronic gun crime and the threat of terrorist bombs is a sad fact of life for many parts of the world. Radio Physics aims to be a significant player in the rapidly growing market for electronic surveillance to surmount these threats by filling key holes in current layers of security.

The Company has patented technologies that can detect hidden guns (even 3D printed guns) and bombs from a range of up to 30 metres.

Successful operational trials by UK and US Military and security agencies have led to significant engagement with commercial partners with the first products being shipped to customer test sites, and purchase orders now in place.

Ruffena Investors participated in an equity round that allowed the company to complete trials with major defence and security agencies and to launch its products into the market.

Ruffena also secured offers of working capital finance to fund the order book as the business meets the demand for its technologies, with the funds to be drawn down against firm orders.

Douglas Dundonald, Chairman of RPS said "Ruffena investors made a modest investment in the last round, which totaled £1.4m. Ruffena and their investors have continued to support Radio Physics as the company moves forward to build product, and continues to raise cash to scale the company."

Established in 2013, Ruffena Capital has evolved to become a boutique private equity advisory business with its own investment platform - focused on raising true growth capital or alternative finance, typically in the £2-10m range for its clients. Ruffena’s investors are largely a private audience of experienced UK and international investors, funds, family offices and certain wealth managers, who prefer established, highly tangible opportunities that can demonstrate the ability to scale and generate returns. Ruffena secured or advised upon over £42m going into client projects over the 2016-17 financial year. In the current year this has risen significantly and Ruffena has also had two clients IPO and one full exit in 2017-18. Ruffena does take on some earlier stage projects, however they must emphatically demonstrate thorough planning; tangible commercial potential; and a workable investment proposition.