Unum plans expansion and closes significant investment round

Aircraft seating manufacturer Unum Aircraft Seating has successfully closed a significant investment round, with Origin Capital and Low Carbon Innovation Fund 2 (LCIF2) becoming new partners.

Unum is also looking to expand its team, scale its facilities, develop new products, and gain new product certification as a result of this new investment. The manufacturer is also set to create an initial factory blueprint and gain regulatory approvals.

The two new partners will look to support Unum’s ambitious development plans across its business.

Chris Brady, Founder and CEO, Unum, said that the investment round was a “real vote of confidence” in its vision to become a sustainable seating manufacturer. “We have exciting programme of development ahead of us across our product, teams and facilities – so watch this space!” he added.

“As the aerospace market swiftly recovers from the pandemic, and with the global aircraft fleet set to double in the next 20 years, we believe there are significant opportunities for Unum, which offers a great product, produced sustainably,” commented Tim de Vere-Green, Founder and CEO at Origin Capital.        

David Wright, Director of LCIF2 fund manager Turquoise International also added that they were  “attracted to Unum’s commitment to place sustainability at the heart of its organisation,” and were confident that its products would contribute towards the manufacturers’ customers’ journey towards net-zero.