31st Jul 2015 09:36
LONDON (Alliance News) - Investment company Vela Technologies PLC said Friday that its investee company, travel technology firm Portr Ltd, has raised GBP3.3 million in a series A funding round.
The proceeds from this fundraising will be used to expand Portr's on demand luggage transfer service AirPortr into new airports. Portr recently won a long-term agreement to launch its services at London Gatwick Airport.
Vela has an interest in 87,685 shares, or around 3.4% of the company following the fundraising. At the fundraising price, Vela's shares have a value of around GBP525,000.
Shares in Vela are trading up 7.6% at 0.199 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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