Following last week’s record webinar attendance on the Shadow Foundr website, we have clearly captured the minds of investors. We have already passed our initial £4m target. The raise is now up over £5m and rising fast; boosted by a £2.5m corporate investment from Nuclear Energy Consultancy firm, IDOM.
We will over-fund this current round to a maximum of £6m after which the round will be closed. We believe that further developments, including the potential award of government grants in the UK and more licensing progress in Canada, will support a higher valuation in a future funding round.