UK Subsea company Rovco has secured six-figure investment from Sustainable Ventures to help accelerate its growth plans.
The money will support the Bristol outfit as enhances its range of subsea AI and 3D services to try to capture a larger share of the global offshore survey market.
Sustainable Ventures, through its accelerator programme, will also assist Rovco in building a team of non-executive directors and advisors and raising a further £3m over the next two years.
Rovco chief executive Brian Allen (pictured) said: “This initial investment, coupled with better access to further capital, will enable us to expand our state of the art services and meet the needs and demands of the industries in which we operate.
“We are in a strong position to eventually capture at least 10% of the subsea inspection market and we are already working with key players in the industry.”
Image: Rovco
