Integrated drug formulation and clinical trials company, BDD has secured a further round of investment for £2M to aid the company’s expansion in response to growing demand for both its patented drug delivery technology and specialist clinical trial services.

Steven Mooney, Founder of FundMyPitch, looks at what startups need to look like to attract investors

Oxford Innovation Finance’s Angel Network (OION) has invested in the latest funding round for Albotherm, the climate tech company developing a temperature regulating coating for glass surfaces.

Using polymer chemistry that can switch between opaque and transparent, Albotherm has developed a low carbon cooling coating for glass surfaces. The reversible coating provides shade in high temperatures and allows sunlight through in lower temperatures. Its innovative technology has a significant impact as a net zero approach to temperature regulation, with the potential to replace energy intensive cooling systems.

Brighton-based startup funding group South East Angels has invested in Toolbox, a renovation-as-a-service tech start-up set to disrupt the UK's £25 billion bathroom renovation sector. With its innovative marketplace, logistics stack and embedded payments and finance system, Toolbox is revolutionising the way consumers approach bathroom renovations.

Smaller Scottish businesses, which often struggle to keep pace with big financial institutions when it comes to harnessing the latest growth-enabling technologies, will soon be able to benefit from an innovative national initiative.

Oxi-Tech, a company that has developed ground-breaking, clean-in-place disinfectant technology using water and electricity, has received the largest investment from Henley Business Angels to date, contributing towards a funding round of £1m. Fourteen HBA members worked together as a syndicate, with member Damian Cavanagh leading the syndicate and coordinating with Paul Morris, CEO of Oxi-Tech.

To keep pace with its rapid growth, Kore, the RegTech Software-as-a-Service (SaaS) platform that enables large financial institutions to fast track regulatory compliance has raised just under £2.4 million from Wealth Club members under the Enterprise Investment Scheme (EIS) in a heavily oversubscribed round.

The Development Bank of Wales has completed a further  six figure investment in Reel Label Solutions 

Seattle, USA: Wavely Diagnostics, Inc., a digital diagnostics company developing smartphone-based apps to bring accurate, data-driven virtual pediatric care into every U.S. household, has raised $1.35MM in new funding to advance its first-of-its-kind digital diagnostics platform for enabling virtual ear infection care for children, bringing Wavely’s total investor and grant funding to $6.35MM. The new funding will enable Wavely to seize upon growing interest from healthcare systems and pediatric care providers and accelerate development ahead of its planned public release in app stores later this year. 

London-based supply chain startup, Kavida.ai, has secured a further £900k investment to enhance its platform with artificial intelligence tool ChatGPT.

Cytomos, an Edinburgh-based life science company that has developed a proprietary new approach to analysing cells, has secured £4 million to scale up market-testing of its technology platform Cytomos Dielectric Spectroscopy (CDS).

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Furlong Renewable Energy Developments (Furlong), with co-investment from IM2 Power and several angel investors.