Founded in 2009, Aberdeen-based SPEX has rapidly developed as a specialised service provider and innovator of energetics products.
These services and products are targeted primarily to both subsea and downhole environments in the global oil and gas industry.
The financial support from BGF sped up our response, allowing us to invest in people, tools and manufacturing equipment while allowing SPEX to maximise the potential of existing technologies that the company believes will be transformational for well control. BGF's combination of capital and support was perfect for SPEX, and we were very pleased to welcome them on board.Jamie Oag , CEO
Business funding insights
An independent optician with the vision to grow
Royston Bayfield, Bayfields Opticians, and Chris Boyes, an investor in BGF’s Yorkshire team, talks about the ins and outs of seeking and securing growth funding.
What is venture capital and when is it right for your business?
We look at the rise of venture capital in the UK, the types of businesses receiving support, and the pros and cons of this method of funding a business.