Proactive Investors - Thruvision Group PLC (LON:THRU) got a vote of confidence from the owner of JD Sports overnight as it raised a gross £3.2 million at a premium to the closing market price.
Pentland Capital, which also owns the Speedo, Ellesse and Berghaus brands, is investing £2.5 million in what it described as a strategic move that could see it take a 10% stake.
Colin Evans, Thruvision's chief executive, said: "To have Pentland as a strategic investor is a clear endorsement of our capabilities and demonstration of the value of our technology, particularly for the retail market.
"JD Sports was one of our earliest customers and remains a strong advocate of our technology."
Major shareholder Canaccord also invested £500,000 via the placing.
A supplier of the walk-through security systems you see at airports and elsewhere, Thruvision raised the money at 23.5p a share compared to the close of 22p.
Delays in US government orders following the budget chaos in the States had knocked the shares recently, but elsewhere business is good, insisted Thruvision.
Shares rose 9% to 24p in early trades.