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24th June 2020

Far-UK collaborates with University of Southampton to develop composite structures for space sector

Nottingham-based Far-UK, a specialist manufacturer of composite material-based products, has signed up to the national SPRINT business support programme. The programme will provide Far-UK with funded access to advanced numerical optimisation expertise from the University of Southampton to support the development of a new range of safer, more lightweight, composite structures for spacecraft.

24th June 2020

Velox secures $2.5 million funding from ETFS Capital to accelerate growth

Velox, the future of front office technology, has secured $2.5 million in strategic funding from ETFS Capital.  The investment will accelerate Velox’s growth plans, focused on further developing the core platform and increasing the firm’s distribution capabilities and client base in New York and London.

23rd June 2020

VGC Partners launches £1 million Technology Seed Fund IV

London-based VGC Partners is launching its £1m Technology Seed Fund IV, headed by Parminder Basran, which looks to invest in early stage, tech companies which are addressing corporate innovation challenges.

22nd June 2020

Trojan Energy secures £4.1 million seed funding

Trojan Energy, an Aberdeen-based green tech start-up, has secured a £4.1 million of seed funding. The funding round includes £1 million investment led by Equity Gap, SIS Ventures, Alba Equity and the Scottish Investment Bank. They also received a further £3.1 million from Innovate UK.

The funding will help Trojan Energy support the roll-out of its on-street flat and flush electric vehicle charging points, which aims to solve the issue for vehicle owners who do not have access to off-street parking.

22nd June 2020

Sockmonkey Studios raises £250k NPIF investment for new launch

Middlesbrough-based games developer SockMonkey Studios has secured a £250,000 investment from the Northern Powerhouse Investment Fund (NPIF) to fund the launch of its first original game.

18th June 2020

Price optimisation platform Bubo.AI raises £650,000 from Mercia NIPF

Bubo.AI, a start-up which aims to revolutionise the way companies price their products has raised £650,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, and private investors.

18th June 2020

Deep-tech startup Polystream awarded multi million pound DASA contract

The UK Defense and Security Accelerator (DASA) innovation scheme has awarded a triple-figure contract to Polystream, the Intel-backed deep-tech startup, to develop a prototype deployable ‘plug and play’ synthetic training technology. This highly portable system contains Polystream’s ground-breaking command streaming technology and it can be dropped into any terrain to deliver virtual 3D interactive training to 30 army soldiers, over legacy hardware.

16th June 2020

Powervault secures investment from Greater London Investment Fund

London based cleantech company Powervault has secured an additional £2 million of funding to support its continuing innovation in the vital field of energy storage. This includes a £725,000 growth loan from the Greater London Investment Fund, managed by The FSE Group.  We can’t control when the sun shines or the wind blows – so energy storage is absolutely key to our transition from fossil fuels to renewables. Right now, there are times when wind turbines have to be switched off because more energy is being generated than the grid can cope with. Equally, as a nation we are still firing up fossil fuel powered stations during times of excess demand.

15th June 2020

QuoteVine helps brokers accelerate SME lending

Quotevine helps brokers give SMEs faster access to vital COVID-19 recovery finance - with new Quickstart initiative.

12th June 2020

Tech Nation launches Net Zero Growth Programme to support climate change goals

Tech Nation, the growth platform for tech companies and leaders, has launched its new Net Zero growth programme. The programme is designed to support tech companies that are building a greener, cleaner, and more sustainable future, and helping the UK reach its goal of net zero greenhouse gas emissions by 2050.

12th June 2020

Development Bank of Wales invests £2.4 million in ten tech companies in 10 weeks

Ten technology rich early stage businesses in Wales are a step closer to developing their innovative products and services having secured equity investment from the Development Bank of Wales.

£2.4 million has been secured by ten companies in just ten weeks since the UK went into lockdown. Those to benefit include £625,000 for Flintshire based Reacta Biotech to further develop their diagnostic tool for food allergies. 

12th June 2020

Livingbridge invests in leading cloud security vendor TitanHQ

Livingbridge, one of the UK’s leading mid-market private equity investors, has invested in TitanHQ, a fast-growing, global, cloud security vendor. Headquartered in Galway, Ireland and with offices in Tampa, Florida, TitanHQ provides Managed Service Providers (MSPs) and businesses with advanced web filtering, email security and email archiving solutions.  The company has over 20 years’ experience in the cyber security sector and protects over 8,500 businesses and 2,500 MSPs across 150 countries, including Virgin, O2, ViaSat, Pepsi and Datto.  It has demonstrated year on year growth with this momentum propelling ARR to more than $15m today.

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