Helsinki: Algorithmiq, a scaleup developing quantum algorithms to solve the most complex issues in life sciences, has raised $15 million. The Series A round is led by Inventure VC, one of the most experienced Nordic venture funds. Also participating in the round is Tesi, the state-owned Finnish investment company, Presidio Ventures, the corporate venture capital arm of Japan’s Sumitomo Corporation, and London-based Thames Trust, together with existing backers, including a number of angel investors.

NewComma, a groundbreaking social media platform empowering African and Black creatives, has successfully closed its pre-seed funding round in partnership with SFC Capital, the UK's leading early-stage investment firm. The funding will accelerate NewComma's tech development, and empower African/Black creatives to reshape the global creative industry.

Mike Lebus, co-founder Angel Investment Network considers the key trends in the angel market.

Eos Advisory, an impact investment firm based in St Andrews, has received a £10 million committment from British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, via its Regional Angels Programme. The funding will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund. 

USA: Eze, a wholesale marketplace for used and new electronics, has secured $3.7 million in seed funding to develop its technology infrastructure, broaden its product offering and expand into new markets in Africa, Europe and South America. The funding round was led by Right Side Capital Management, with participation from C2 Ventures, Boro Capital, EVPI Investments and other angel investors.

Oliva, a healthtech platform offering specialist, on-demand mental health and wellbeing support to employees, has announced a €5 million fundraise in a round led by Molten Ventures and joined by existing investors Stride VC and new backers Alumni Ventures. Angels including Kieran Flanagan, CMO at Zapier, also participated.  

Ten of the most promising start-ups in Northern Ireland have each been awarded £10,000 proof of concept (POC) grants following their involvement in Catalyst’s early-stage entrepreneurship programme Co-Founders.

Green Angel Ventures has completed an investment in Halocycle, a Hull-based advanced recycling company. 

A new fintech platform is shaking-up angel investing in the UK by aiming to address the current gender gap. The Obu Angel Investment Platform launched this week, connecting eligible angels with female-founded businesses. 

The Obu Angel Investment Platform is open to all eligible investors who support its mission to close the gender investment gap. It will focus on female-founded businesses in the fintech, edtech, femtech, AI, food and drink, health and beauty sectors, who are seeking up to £250,000 via the Seed Enterprise Investment Scheme (SEIS).

Cult Wines, the company forging the future of the wine industry, has completed a seed fundraising round.

Canigou is seeking funding to keep up with global demand, and is looking to build more than 20 new solar projects, offering suitable investors up to 15% annual returns.

Find their investment ad HERE or CLICK HERE to register your interest and find out more about the opportunity.

Claire Lewis, CEO of Baltic Ventures, considers the key role that angel investors play in the early stage ecosystem.