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.

University spin-out Awen Oncology has secured a substantial equity investment from the Development Bank of Wales and co-investors Start Codon, to further develop a breakthrough range of anti-cancer drugs that target a variety of cancer types. This brings the total funds raised by Awen Oncology to over £1 million.

Award-winning Mallows Bottling is ramping up production with a significant seven-figure equity investment by the Development Bank of Wales that will more than treble capacity and create 18 new jobs.

Pioneering semiconductor company, Nanusens, is set to revolutionise next generation mobile phones with more sensors to make them smarter plus new antenna tuner technology to handle more data.

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Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs, has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors.

Angel-backed company WineFi, the innovative platform for fine wine investment, has announced a partnership with Timeless Investments, a leading alternative asset firm. This collaboration offers expertly-curated fine wine collections to discerning investors, marking a significant milestone in fine wine investment.

Following on from a second round of funding with its venture capital partner Fuel Ventures, leading data and business intelligence business Fundpath, which is bridging the information disconnect between asset managers and wealth managers - the buyers and sellers of funds - is pleased to announce two senior leadership appointments.

Evelyn Partners, the professional services group, has teamed up with impact investment platform, Ethical Equity, to support its Aspiring Angel Investor Programme. The comprehensive programme is designed to empower emerging investors and equip them with the knowledge and resources needed to navigate the world of angel investing in early-stage businesses making a positive social impact.

Munich based VoiceLine has closed its Seed Funding Round marking a significant milestone in its journey to revolutionize how field teams work through Voice AI technology.

The identity verification startup Onfido has announced its acquisition by US payments giant Entrust with SFC Angel Network investors looking to make a 100x return in one of the largest tech exits of the decade.

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.