Pharmacy2U, the UK’s largest NHS online pharmacy, has secured a further £40 million investment to support the rapid growth of its online 

Seraphim Capital has published its analysis of the last quarter's SpaceTech Venture Capital transactions for the period . Every quarter it carefully monitors the investment in the SpaceTech sector globally over a rolling 12 month period, highlighting key deals from the Quarter.

PingGo, a media engagement platform for high growth companies, has secured investment of £30K from the Seed Haus and a six month residency at the prestigious pre-seed tech incubator.

The funding will be used to accelerate development of PingGo's media search engine and grow its international customer base. The company will use its time in the accelerator to access the depth of experience, skills and knowledge of the SeedHaus Partners, refine the existing product and prepare for its first funding round.

Seraphim Capital has launched Space Camp Accelerator, the UK’s first dedicated accelerator programme for startups in the spacetech industry. Backed by both the UK and European space agencies, as well as by corporate partners including Rolls Royce, alongside Seraphim Space Fund partners including Airbus, Surrey Satellite Technology, SES, and Telespazio, Space Camp will help the best spacetech startups secure funding, achieve scale, and foster close working relationships with industry leaders.

Deepbridge Capital has closed a £5.4m Series A funding round for vTime,a virtual reality (VR) sociable network that allows users to meet, chat, broadcast, and share with people all around the world.

The Finance Durham fund, established by Durham County Council and managed by Maven Capital Partners, has invested £250,000 in pioneering automotive styling centre, Muss Media Ltd. Funds raised will enable the company to invest in its design, sales and marketing functions, roll out a national car dealership engagement strategy and employ additional wrap technicians to fulfil growing demand. As a result of the investment, the firm will establish its design, sales and marketing functions in County Durham.

Spectral Edge, the image fusion technology specialists, has secured $5.3 million in further funding from existing investors Parkwalk Advisors and IQ Capital. Based in Cambridge with deep academic roots, Spectral Edge combines cutting-edge imaging science with machine learning to improve pictures and videos on mass-market devices. This is done in real time with a pixel-level, embeddable technology that can be implemented in software or in silicon.

The technology behind the process can be used across a range of potential applications that rely on image quality for either function or aesthetics - from mobile to security, and from automotive to on-demand video or live broadcast.

Funds advised and managed by YFM Equity Partners have backed an investment into Eikon Group Limited, a cutting edge, end-to-end, digital post-production services for the motion picture and broadcast industry.

Mercia Technologies PLC last month completed an all cash sale of Science Warehouse Limited, one of the Group's leading direct investments, to Advanced Business Software and Solutions Limited, for a total cash consideration of £16.9million. Mercia will receive proceeds of £10.5million (net of transaction expenses) and will recognise an immediate realised gain of £0.6million, compared with the holding value of £9.9million as at 30 September 2017. The sale represents a return to Mercia of 14.2% on its total investment cost of £9.2million.

The number of new tech companies being set up in Scotland rose by 77 per cent in 2017 according to new analysis by RSM.

In total, there were 440 software development and programming businesses incorporated in Scotland in 2017, a 77 per cent increase on the 249 companies set up in 2016.

The region’s newest investment arm, NorthInvest, reports significant growth of across the North following a 25% increase in membership.

One of Europe’s leading mid-market private equity investors, Equistone, has agreed to acquire a majority stake in MMC’s portfolio company Small World. Equistone is an independent investment firm wholly-owned and managed by it’s executives aiming to invest between €25m and €125m of equity in businesses. The financial terms of the deal are undisclosed and, as Small World is regulated in multiple countries, completion of the transaction remains subject to regulatory approvals.