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12th April 2024 - 0 comments

Development Bank invests in global healthcare AI tech

Bridgend-based AI technology firm Clinithink is helping to improve patient care, relieve workloads for stretched clinicians and deliver significant savings to the NHS with investment from the Development Bank of Wales.

12th April 2024 - 0 comments

UK economy at risk without university-business collaboration

New data shows the alarming impact that financial pressures are having on university and business collaboration. Our innovative economy relies on this collaboration to drive growth and prosperity.

12th April 2024 - 0 comments

Empirical Ventures leads early stage deep science rounds

Empirical Ventures is targeting a £10M fund to lead pre-seed and seed investments for deep science startups in the UK. Founded by two scientists turned entrepreneurs, Empirical Ventures will invest in startups that are redefining what is possible and solving some of the most pressing challenges facing humanity.

12th April 2024 - 0 comments

Gingo Partners raises $350k from angel investors

DUBAI: Gingo Partners, an Investor Outreach Service and Startup Community, has completed its fundraising campaign, securing $350k in capital from a group of business angels. 

12th April 2024 - 0 comments

EIS marks 30th anniversary with over £30b raised

The Enterprise Investment Scheme (EIS), a cornerstone of the UK's entrepreneurial ecosystem, celebrates its 30th anniversary this year. Since its inception in 1994, the EIS has played a pivotal role in nurturing innovation and fostering economic growth. Alongside its sister scheme, the Seed Enterprise Investment Scheme (SEIS), it has facilitated over £30 billion in private investment into 53,000 startups across the nation.

12th April 2024 - 0 comments

AB Akola Group invests in Brite

AB Akola Group has signed an agreement with Brite Drinks Ltd, a UK functional drinks start-up, to invest 450 thousand euros. Akola Group will receive a minority stake in the startup and a seat on its board.

12th April 2024 - 0 comments

MOMO Kombucha raises £1 million

South London-based start-up, B-Corp rated MOMO Kombucha has announced a £1million fund raise.  The brand is also rolling out to Gail’s Bakery nationwide, as well as to Riverford Organic and they have also taken Ocado’s top spot as best-selling soft drink and will achieve 150% revenue growth at the start of ’24, they should hit £3m in revenue this year, marking the boom in kombucha consumption.

12th April 2024 - 0 comments

EdTech Gaia Learning celebrates record year

The EdTech company, founded by Salisbury mum-of-three Kirstin Coughtrie, has gone through its biggest growth quarter to date – with both significant new angel investments, alongside its learners tripling since the start of this academic school year.

12th April 2024 - 0 comments

BBI announces a £15m facility to Performance Finance Limited

British Business Investments has announced that it is providing a £15m facility to Performance Finance Limited. The transaction will be structured as a block discounting agreement that will allow Performance Finance to provide funding support to smaller businesses looking to acquire business-critical assets to accelerate their growth.

12th April 2024 - 0 comments

ACF Investors leads Veremark's $3 million funding

Veremark, a global background screening company, has secured $3 million in a Pre-Series B round led by Samaipata and Stage 2 Capital and including participation from ACF Investors and Vulpes Investment. The investment will be used to support Veremark’s continued client acquisition and further develop its screening technology.

The need for more compliant hiring has become a global requirement, with background screening alone equating to a  $8bn global market in desperate need of innovation.  Veremark provides a global background screening service that helps companies run checks on prospective employees, business partners, limited partners and founders — therefore reducing the risk of hiring or working with underqualified or legally unsuitable people. 

29th March 2024 - 0 comments

AI fraud protection startup Meysey secures £250,000

Meysey, a fraud protection startup that utilises artificial intelligence (AI), has successfully raised £250,000. This funding will be used to develop AI-powered fraud protection software specifically designed for small and medium-sized enterprises (SMEs).

29th March 2024 - 0 comments

LCR Angel Network backs Jardin Living and AI Sight

LCR Angel Network has made investments in two of the region’s most exciting start-up businesses following a pitch event hosted at Sci-Tech Daresbury and supported by the British Business Bank.

Both Jardin Living, a sustainable lifestyle brand founded by Kavita Basi, and AI Sight, an AI system for diabetic retinal screening led by CEO Steven Powell impressed enough to secure a combined £160k investment that will allow both businesses to scale significantly.

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