Oxford Innovation Finance backs Exact Comms in quick re-raise for contactless monitoring
What's the deal? Oxford Innovation FinanceDealroom has a profile for this one. Try Dealroom → has invested in Exact CommsDealroom has a profile for this one. Try Dealroom →, a Northern Ireland-based technology company, through the Oxford Innovation EIS Growth FundDealroom has a profile for this one. Try Dealroom → and OION Angels. The early-stage round supports Exact Comms as it scales its contactless proof-of-presence platform internationally.
What does it do? Exact Comms uses Bluetooth tags and beacons to automatically verify staff and asset presence within a facility, without sign-ins, scans, apps or paperwork. The data feeds a central platform, giving facility managers real-time information and automated alerts to improve compliance and cut human error.
Why now? This is a quick re-raise: a June report put a recent Exact Comms raise at about £532,000, with total 2026 funding of roughly £622,000. The Oxford announcement did not disclose its investment amount.
What's the endgame? The money funds international expansion, product development and new commercial partnerships. Exact Comms already serves clients across five continents, with relationships in the UK, US, Middle East, Africa and Australia, spanning healthcare, retail, commercial property, education and industrial sectors.
"We're at an important stage in our growth, moving from proving the technology to deploying it with customers across multiple markets," said founder and chief executive officer Peter McCaul.
What could go wrong? The financing is modest rather than sector-defining, and the raise's significance will depend on evidence of customer adoption and measurable savings — not just the appeal of contactless monitoring.
The signal: The deal fits a broader push to digitise facilities operations, with recent sector activity favouring real-time building data, occupancy analytics and automated maintenance. UK and Irish facilities-management dealmaking stayed above its long-term average in Q2 2026.
Read more: ukbaa.org.uk
Image credit: Generated with Gemini
