# IOTech Systems funding: rounds and investors

> IOTech Systems has raised $4.5M across 3 rounds since 2023. Every round with its source.

Source: https://millionrounds.com/company/iotech-systems (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Series B startup](https://millionrounds.com/companies)

# Who invested in *IOTech Systems*

3 rounds we have observed, with the 0 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services

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Funding summary Updated 15 Nov 2026

**$4.5M** raised across 3 rounds since 2023, from 3 sources

**$1.9M** Series B **$1.1M** Series B **$1.5M** Series B

- **Latest round:** Series B, $1.5M May 2024
- **Biggest round:** $1.9M Series B · May 2023
- **Step-up i:** 1.4×
- **Investors:** 0

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2024

**$1.9M** Series B

**$1.1M** Series B

**$1.5M** Series B

- **First round:** Series B, $1.9M
- **Biggest round:** $1.9M
- **Usual gap between rounds:** 11 months

## The rounds

- **May 2024** Series B **$1.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Mar 2024** Series B **$1.1M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2023** Series B **$1.9M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

IOTech Systems filed 5 raises, $4.5M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2024 **$934K** UK share allotment
- Jul 2024 **$316K** UK share allotment
- May 2024 **$282K** UK share allotment
- Mar 2024 **$1.1M** UK share allotment
- May 2023 **$1.9M** UK share allotment

## Founders and team

From IOTech Systems's own website: 7 on the team.

- **Keith Steele** CEO
- **Andrew Foster** Chief Product Officer
- **Brad Corrion** CTO
- **Christopher Timmins** Chief Commercial Officer
- **Alison MaClean** Head of Global Support Services
- **James Butcher** Senior Product Manager
- **Steve Osselton** Engineering Director

## Quick answers about IOTech Systems

### How much has IOTech Systems raised?

IOTech Systems has raised $4.5M across 3 rounds since 2023.

### When did IOTech Systems last raise?

IOTech Systems's most recent round was a Series B of $1.5M in May 2024.

### What was IOTech Systems's biggest round?

IOTech Systems's largest round on record is $1.9M (Series B), in May 2023.

### What stage is IOTech Systems at?

IOTech Systems's latest named round is a Series B, in May 2024.

### Where is IOTech Systems based?

IOTech Systems is based in the United Kingdom.

## Companies like IOTech Systems

In the same sector, and raised in the last eighteen months.

[**Signify Technology** $77M · Oct 2026](https://millionrounds.com/company/signify-technology)[**Atlian** $933K · Oct 2026](https://millionrounds.com/company/atlian)[**Nuuri** $1.1M · Sept 2026](https://millionrounds.com/company/nuuri)[**SmartyPlants** $461K · Sept 2026](https://millionrounds.com/company/smartyplants)[**Vitaspan** $976K · Sept 2026](https://millionrounds.com/company/vitaspan)[**InTouchNow** $3.1M · Sept 2026](https://millionrounds.com/company/intouchnow)

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