Wellair, an Irish company that develops medical-grade air-disinfecting devices, has raised $8 million ( €7million) in a new funding round led by existing backer F-Prime Capital. The new investment comes after the company said recently that it had seen a huge jump in business on the back of the coronavirus pandemic. F-Prime Capital, which is part of Fidelity Investments, led the funding round. The air purification company secured $4 million from F-Prime last year in the form of convertible debt that was subsequently converted to equity. F-Prime also led a $16 million funding round for Wellair in 2016 and participated in a $10 million investment in 2014 when it was known as Fidelity Biosciences.

Source: The Irish Times July 06, 2020 11:10 UTC