Edinburgh-based Reactec has raised £578,000 in a funding round led by angel investment syndicate Archangels.
The Scottish Investment Bank, the investment arm of Scottish Enterprise, also contributed to the round.
Reactec has created a wearable device called HAVwear, which tracks the potentially harmful vibrations an individual is exposed to when using hand held tools.
Hand and arm vibration syndrome (HAV) can cause significant ill-health, including painful and disabling disorders of blood vessels, nerves and joints.
Jacqui McLaughlin, chief executive of Reactec, said: “HAVwear has achieved significant momentum since we launched it last year as the world’s first wearable vibration monitoring device, making monitoring of workers’ exposure to dangerous vibrations that cause HAVS more meaningful than ever before.
“I am thrilled that so many of our own people have chosen to invest their own cash in Reactec’s future, alongside Archangels and Scottish Investment Bank. This will help us to grow the business internationally and undertake further R&D,” she added.
Reactec will also use the money to recruit four more sales and engineering professionals, bringing its headcount to 27.
Sarah Hardy, chief investment officer at Archangels, said: “At Archangels, we are proud of our track record of follow-on funding for our investee companies. Reactec’s HAVwear product meets a clear customer need in protecting users from the debilitating effects of HAVS and we look forward to seeing this product increasing its impact in this important area.”
The funding round also included £122,000 of investment from Reactec’s board, management and staff. Reactec has raised £3.9m to date.