A Sheffield IoT start-up that helps manufacturers to maximise productivity and reduce energy use has raised £1.8m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, Mercia’s EIS funds and angel investors.

VIENNA: raicoon, a climate-tech company and world leader in autonomous solar operations, has announced a €4 Million seed funding round to tap into new markets, enhance its product offering and expand the team.

Edinburgh based startup, FC Labs, has secured a £150,000 investment from British Design Fund, for its innovative AI-powered platform and brain imaging technology that can help reduce the risk of workplace accidents and fatalities caused by human error.

Vector, a UK startup at the heart of a rapidly growing retail media landscape, has launched this week, with over half a million pounds in investment from an independent group of investors.

The British Business Bank’s third annual Nations and Regions Tracker, published this week, finds the use of external finance among smaller businesses is showing signs of recovery in early 2023, after a decline in most UK Nations and regions in 2022. 

The Turmeric Co. has closed a Series A funding raise, after attracting investment for growth from a number of high-profile investors including comedian and TV presenter, Joel Dommett, with the Rubicon Drinks family confirmed as a cornerstone investor.  

Former Wales international and Premier League footballer, Thomas Hal Robson-Kanu, founded the company after finding turmeric shots invaluable in recovering from a potentially career-ending knee injury. Despite being prescribed medication from doctors, Thomas had severe inflammation and chronic pain whenever he played,  so began to research alternatives with his dad.  

Zixty, a new insurance company helping cover people on their journeys with on-demand, flexible eco-friendly insurance products, is seeking £500k for product development & customer growth.  Find out more HERE about the opportunity and how to invest.

In anticipation of the European Angel Investment Summit 2023 (#EAIS23), we had the privilege of sitting down with astronaut and keynote speaker Christer Fuglesang. As the first Swedish citizen in space, a physicist, and an advocate for space exploration and investment, Fuglesang shared insights into his remarkable journey and the exciting opportunities in the world of angel investing within the space tech sector.

The British Business Bank has supported more than £12.4bn of finance through its core programmes and met its objectives,

Green Angel Ventures has completed an investment in heata, a home heating innovation coming from data centres. Heata is a groundbreaking green distributed computing network that uses the waste heat from cloud computing to heat the water in people's homes. Founded in 2017 as a British Gas innovation project aimed at supporting people living in fuel poverty, heata enables companies to significantly reduce their carbon footprint while saving families up to £450 per year on their energy bills.

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Archipelago Technology Group. This forms part of a capital raising round of nearly £1.5 million comprising both equity and an Innovate UK grant provided under the Future Economy Programme. Co-investors in the equity round included members of the management team, Cambridgeshire and Peterborough Business Growth Company and several angel investors.

The British Business Bank is launching its new £150 million Investment Fund for Scotland unlocking additional funding to help smaller businesses to prosper and thrive.