QLM nets funding to scale methane detection tech

A South West technology company has secured new investment to scale its operations and accelerate product development.

Torbay-based QLM Technology has received £1 million in equity funding from the South West Investment Fund, managed by The FSE Group, as part of a wider £3.5 million raise. 

The firm, headquartered at the EPIC Centre, develops advanced quantum lidar cameras designed to detect and measure methane leaks with high precision.

Methane reduction has become a global priority, with tightening international regulations requiring operators to monitor and report emissions. 

QLM’s system offers autonomous, real-time monitoring at scale, helping industries such as oil and gas, utilities, wastewater, waste and biogas meet rising compliance demands.

Bosses say the new investment will support continued product development across software and industrial applications, while strengthening the company’s commercial reach through expanded channel partnerships. 

Paul Hughes, chief executive of QLM, said: “We’re delighted to receive this investment from The FSE Group and the South West Investment Fund, which will help us accelerate development and expand deployment of our unique lidar-based methane detection systems. 

“Our mission is to give operators the tools to detect and prevent methane emissions quickly, accurately and cost-effectively, helping to reduce one of the most harmful greenhouse gases and make real progress toward global net-zero goals.”

Ralph Singleton, FSE’s head of equity South West, added: “QLM has developed a world-class, IP-protected technology backed by a strong management team with deep industry experience.

“Their solution addresses a clear and growing global need, supported by legislation and increasing environmental accountability. 

“We’re pleased to back a company that is not only commercially strong but also making a meaningful contribution to tackling climate change.”

The South West Investment Fund offers loans from £25,000 to £100,000, debt finance up to £2 million, and equity investment up to £5 million, helping smaller businesses access funding they might otherwise struggle to secure.

Paul Jones, senior investment manager at the British Business Bank, added: “This investment in QLM Technology demonstrates how the South West Investment Fund is supporting the region’s most innovative businesses to grow and compete on the world stage.

QLM’s cutting-edge methane detection technology has the potential to make a genuine impact in the fight against climate change, while creating skilled jobs and strengthening the South West’s position as a hub for clean-tech innovation.”

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