Vela Techology completes investment in Portr

Vela Technology announced the completion of a £0.15m investment on Friday, in on-demand airport luggage transfer service Portr.

The AIM-traded investing company focused on early-stage and pre-IPO technology investments confirmed the funds were paid to Portr in early April.

Vela said it had now been informed by Portr that it had successfully completed its fundraising exercise with existing shareholders, and raised £3m.

Following completion of the investment, Vela holds an interest of 101,989 shares in Portr, representing 3.9% of its issued share capital. It has invested £251.343 cash in Portr over three funding rounds.