Deer Technology

The continued support of the Development Bank of Wales and their confidence in the team at Deer Technology is very much appreciated. Their early-stage funding gave us the opportunity to complete the product development, secure early installation contracts and provided the platform to secure the confidence of Wealth Club investors.

Craig Mellor, Chief Executive, Deer Technology

Deer Technology was established in 2014 by co-founders Hugh Mort and Garry Jackson who co-invented the LimpetReader™ to take accurate meter readings.

The technology provides a new standard in the remote, non-invasive and accurate recording of meter readings for water, electricity, gas and other metered consumption.

The Port Talbot based company secured an equity investment totalling £1.32 million in the 20/21 financial year in a round led by the Development Bank.

Following the investment they secured a £2.5 million contract with Wave, a leading retailer in the non-household water market.