Investment in AviIT Limited - 06 Oct 2006
The Sigma Innovation Fund (“SIF”), a fund managed by Sigma Technology Management Ltd, has invested £250,000 in AviIT Limited. As part of this round, a £240,000 RSA grant and a £200,000 debt facility were also secured.
AviIT, which was founded in 2004, designs and develops a range of innovative software solutions for the aviation industry. The products are based around two main aviation sector business functions, aircraft engineering and airline operations. AviIT’s customers include Virgin Atlantic Airways, bmi and Monarch Aircraft Engineering Ltd.
This round of funding will be used to support further expansion of the company’s sales and marketing activities and the development of new products.