Sunsave, the UK’s first solar subscription service, has raised £5.4 million seed funding for its mission to make solar power accessible to all UK households.

Founded in 2022 by two friends who met at Oxford University, Alick Dru and Ben Graves, Sunsave aims to demystify the overcomplicated and expensive solar industry amidst soaring energy prices and the ongoing cost-of-living crisis. The business is now authorised and regulated by the Financial Conduct Authority (FCA) to provide solar panels and batteries on a subscription model, without subscribers needing to pay a hefty lump sum upfront - a major milestone in Sunsave’s mission. 

Maven Capital Partners, a leading private equity and alternative asset manager, has completed the acquisition of Newable Ventures Limited for an undisclosed consideration from Newable Partnership, a leading provider of funding and support for UK businesses. The transaction is subject to regulatory approval and the customary closing conditions.

Spinout About:Energy and Eatron Technologies have been awarded funding from UKRI’s Faraday Battery Challenge to develop a first-of-its-kind AI-powered decision engine that delivers increased battery longevity, accelerates time-to-market, and cements the UK’s position as a global leader in AI-powered intelligent battery management systems.

In a recently conducted member study with over 250 responses, FiBAN mapped the activity, interests, and demographics of its members, painting a detailed image of Finnish angel investors and the startup industries on the rise.

EBAN presents the EBAN Annual Statistics Compendium for 2022, Europe’s most extensive annual research on the activity of business angels and business angel networks.

QuantumDiamonds, the quantum sensing company, has raised €7m in seed funding led by IQ Capital and Earlybird. 

1nhaler, a Scotland-based drug delivery device developer, has raised £2 million to develop its unique single-use dry powder inhaler (DPI), led by Archangels.

Inhalable medicines are already widely used to treat conditions such as asthma, epilepsy, allergies and Parkinson’s but, to date, delivery options have been limited due to user accessibility, cost, performance and impact on the environment. 1nhaler has developed a way of enabling many different dry powder drugs to be readily delivered in a sustainable, low-cost delivery device.

Scotland’s first impact investor, SIS Ventures has released its inaugural Impact Report, highlighting the positive impacts on people and planet delivered by its investee companies.

Catalyst has formally launched its new inclusive innovation project STRYVE, which is aimed at young people aged 16-25 years old seeking to gain skills, qualifications and experience that will provide them with a pathway towards employment.

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BELGIUM: Aikido Security, a developer-first software security app for growing SaaS companies, has raised €5m in a Seed round co-led by Notion Capital and Connect Ventures, with further investment from Inovia Capital, as well as an impressive roster of angel investors including Christina Cacioppo, CEO of Vanta.

Green Angel Ventures has completed an investment in LIND Limited, a pioneer in alternative battery storage systems. LIND is reaching a critical development period, leveraging this investment to drive research, innovation, and production scale-up. This substantial investment will drive innovation and commercialisation efforts, mainly focusing on introducing groundbreaking battery technology designed to operate efficiently at elevated temperatures.