USA and ITALY: Electra Vehicles, Inc., the B2B electric vehicle AI software company headquartered in Boston, USA that produces Cloud and onboard software to optimize the performance of electric vehicle battery systems, announced it has raised $21M in an oversubscribed investment round. The round is led by United Ventures, the Italian venture capital firm specializing in digital technologies, through the fund UV T-Growth; and it includes additional investment from Stellantis Ventures, the venture capital fund of Stellantis. Existing investors LIFTT S.p.A., Club degli Investitori, and BlackBerry Limited also participated in the round.

Venture Capital firm, QVentures, has made a pre-seed fund investment into Presentient Technologies, a software platform developing innovative tools for companies running clinical trials. The funding round was led by QVentures with participation from Episode1 and industry angels.

Belfast-based cancer diagnostics company GenoME Diagnostics has closed a £1.4 million funding round with investment from QUBIS, the commercialisation arm of Queen’s University, Co-Fund NI (managed by Clarendon Fund Managers) and Deepbridge Capital.

Online sustainable grocery-delivery service Modern Milkman, which received a £2.25m investment in July 2022 from Praetura Ventures, through the British Business Bank’s Regional Angels Programme, has achieved 100 per cent growth in 2022.

Archangels-backed dental imaging technology company Calcivis is setting its sights on US growth having secured pre-market approval (PMA) from the US Food and Drug Administration (FDA).

Angel Academe has made an investment into a female-founded tech business Dressipi.

Gyroscope has raised $4.5M in seed funding to build Gyro Dollars (GYD), a decentralized stablecoin featuring a novel all-weather stablecoin design. The round was co-led by Placeholder VC and Galaxy with participation from Maven11, Archetype, and Robot Ventures, as well as angel investment from Cyrus Younessi, Fernando Martinelli, Hart Lambur, Will Villaneuva and others. A live beta version of the new GYD stablecoin mechanism - Gyro Proto - is now live on mainnet Polygon and is open to all for testing.

Fact360 utilises leading-edge machine learning technology and artificial intelligence (AI) to detect anomalies in organisations. In particular, within the fraud, financial crime, investigative and compliance sectors. To support their efforts, a Henley Business Angels Member has contributed £500,000 worth of funding to Fact360.

If you are interested in environmental tech, take a closer look at Verv Energy, AI specialists on a mission to create market leading technology to help accelerate our journey to Net Zero carbon emissions.   Verv is looking to raise £250,000 of equity investment to fund the expansion of the sales team and market trials in the USA.

Visit our Funding Pages website to view the full investment ad.

Rype Office is raising #eis funding to support it's mission to reduce the carbon emissions and cost of offices by supplying high quality, low carbon furniture for offices that can be beautiful, sustainable and cost less.

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CanSense - a Swansea company which has developed a blood test that aims to save lives by diagnosing bowel cancer at an early stage - has raised £1.5m from Mercia, the Development Bank of Wales and liquid biopsy company Nonacus.

CanSense’s test, which combines laser spectroscopy with artificial intelligence, is faster, less expensive and less invasive than a colonoscopy procedure and more acceptable for patients than a faecal blood detection kit. It could help detect bowel cancer at an early stage when it is much easier to treat and the chance of survival is much higher.