Sustainability startup Signol, which uses behavioural science to reduce emissions in shipping and aviation, has raised £2.5m from leading industry-focused investors.

MONTRÉAL: Workstaff, a Montreal-based provider of workforce management tools for businesses that manage temporary and flexible staff, has closed $1.6M CAD in seed financing.

The round closed in the second quarter of 2024 and included investments from Impulsion PME, a Gouvernement du Québec program managed by Investissement Québec, and Anges Québec. This new investment will enable Workstaff to continue expanding into global markets and enhance its already robust product offering that helps companies easily find, schedule, and manage temporary and flexible staff.

Birmingham-based supply chain risk management company Bendi Software Limited, has secured a £815,000 seed funding round to support the development of its AI-powered data intelligence software, Prism. Led by a £230,000 investment from the West Midlands Co-Investment Fund (WMCO), the funding will enable Bendi to expand its team, enhance its product offering, and explore new market opportunities. The fund is managed by Midven, part of Future Planet Capital.

LegalFly, a pioneering legal AI platform, has raised over €15 million in Series A funding led by Notion Capital, with participation from redalpine and Fortino Capital. Founded one year ago, LegalFly has swiftly made its mark on the legal tech industry. This investment comes just eight months after the company’s €2 million Seed round led by redalpine, which saw early participation from industry leaders including Mehdi Ghissassi, Director of Product at Google Deepmind.

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. 

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. 

Manchester-based The Insights Family, a global leader in kids, parents, and family market intelligence, has announced a significant £5.6 million investment round led by BGF – one of the largest and most experienced growth capital investors in the UK and Ireland.

BGF has invested £5 million in the business, with additional participation from DSW Ventures, – the venture capital arm of Dow Schofield Watts, marking a pivotal step for The Insights Family.

The Development Bank of Wales and a syndicate of nine business angels are backing Academii, a Cardiff start-up with an equity investment of £370,000 that will help transform workplace training.

Panoramic Growth Equity and Maven Capital Partners, through its professional client investment platform, Maven Investor Partners, have backed the management buyout of Glasgow-based distribution and logistics specialist Bullet Express.

The transaction includes a multi-million pound investment from Panoramic and Maven, alongside the existing Bullet shareholders, David McCutcheon, Gary Smith and John McKail. The transaction was introduced by Emerald Capital Partners, who also invested in the deal via Maven Investor Partners.

The Development Bank of Wales has completed a further  six figure investment in Reel Label Solutions 

USA: Eze, a wholesale marketplace for used and new electronics, has secured $3.7 million in seed funding to develop its technology infrastructure, broaden its product offering and expand into new markets in Africa, Europe and South America. The funding round was led by Right Side Capital Management, with participation from C2 Ventures, Boro Capital, EVPI Investments and other angel investors.

Tesel, a platform created to simplify the process of ESG assessments for buyers and suppliers throughout the supply chain, has raised £320,000 in a pre-Seed round led by early-stage focused venture capital firm Jenson Funding Partners and angel investors. The investment will fund further product development, commercialisation and expansion of its highly experienced team ahead of its next phase of growth.