Stirling-based WaveLift (
www.waveliftlimited.com), a developer of oil and gas technology, has received a new round of funding — led by the Scottish business angel investment syndicate Archangels (with co-investment from Scottish Enterprise and a private investor).
This will enable the company to further develop its artificial lift technology, which is used to increase the flow of crude oil, water or gas from a production well. WaveLift was launched last year.