16th October 2018
Seraphim Capital has revealed the startups that are participating in Mission 2 for Space Camp, the world’s first dedicated accelerator for global startups in the SpaceTech industry. The cohort includes 10 companies, expanding on the six that took part in the successful Mission 1 earlier this year. Featuring startups from the UK, the US, Norway, and Sweden, Space Camp is being run from the offices of global law firm Dentons at London’s St Pauls.
Launched by Seraphim Capital and backed by corporate sponsors such as Inmarsat, Rolls-Royce, and Cyient, as well as the UK and European space agencies, SA Catapult, and Capital Enterprise, alongside Seraphim Space Fund partners including Airbus, Surrey Satellite Technology, SES, and Telespazio, Space Camp is a nine-week programme, culminating in an investor day on 20 November.
16th October 2018
HeleCloud, an IT consultancy and managed services provider specialising in highly sophisticated Cloud strategy, implementation, migration and operation services, has received a £2m minority investment from BGF to further accelerate its growth strategy. Thnding will support the company’s services portfolio expansion, the establishment of its presence into further European territories, and the development of new Cloud capabilities. HeleCloud was founded in 2016 and has grown rapidly and currently has more than 50 employees. It has an exceptional reputation and has already worked on projects with global corporations and household names, and references market disruptors such as Viber, the NEX Group, and Zopa.
15th October 2018
The team behind Lara Croft’s smile in the newly launched bestselling Shadow of the Tomb Raider video game are turning their technology sights on the customer service sector following a significant funding boost.
Speech Graphics is an Edinburgh and California based technology business which provides market-leading, real-time audio based facial animation, featuring in productions from video games to music videos and now, with a £2m investment from Archangels, the prominent business angel syndicate, Par Equity and Scottish Investment Bank (SIB) the company is targeting the customer service sector’s Intelligent Virtual Assistant market from its base in the San Francisco Bay area of California.
12th October 2018
A University of Oxford spin-out company which has developed a software platform for broadcasters has secured an £850,000 investment led by the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Fund Managers and part of the Midlands Engine Investment Fund.
The funding will allow Covatic to bring its software to market and create six new technical and management jobs. This latest investment, which also includes money from Oxford Sciences Innovation fund, Creative England, management and private investors, brings the total raised by the company to over £1.6million.
10th October 2018
Foresight Group has announced a £500,000 equity investment into Mobile Pay Systems, trading as Swoopos, through the Midlands Engine Investment Fund (MEIF).
Swoopos provides a Mobile Point of Sale (“MPOS”) universal payments system that combines ePOS and cloud-based technology to deliver rich data analysis for businesses operating in the hospitality, and, soon the retail sector. The system includes a mobile wallet, booking system and mobile ordering, as well as a management reporting suite to help the retailer capture and monitor customer data.
9th October 2018
Paragraf, the graphene technology development company, has rapidly followed its seed investment of £2.9m, announced in May 2018, with the opening of a groundbreaking, new facility north of Cambridge, UK. The site represents a turning point for graphene-based technologies, enabling Paragraf to drive large-scale development of mass-market, graphene-based electronic devices.
Paragraf’s proprietary production technique overcomes the quality, contamination and reproducibility barriers faced by other graphene production methods. The customised equipment at the Cambridge facility will allow Paragraf to convert its cutting edge laboratory research into novel products, including next generation sensors, solid state electronics and energy storage cells.
5th October 2018
Preservica today announced a £7.5 million ($10 million) Series B investment from Mobeus Equity Partners to meet accelerating demand for its Active Digital Preservation software technology. The investment provides an initial £4 million with a facility for a further £3.5 million to support Preservica’s continued global expansion plans.
5th October 2018
Expandly, a Milton Keynes-based company whose e-commerce software allows retailers to sell across multiple channels worldwide, has closed a £580,000 funding round led by Mercia Fund Managers.
The investment, which will create five new jobs, includes £250,000 from the MEIF Proof of Concept & Early Stage Fund which is managed by Mercia for the Midlands Engine Investment Fund, £250,000 from Mercia’s EIS Fund and the remainder from angel investors.
1st October 2018
BGF has exited its minority investment in NewVoiceMedia, the market-leading cloud customer contact platform, as the business is acquired by NYSE-listed communications provider Vonage Holdings Corp for $350m.
BGF invested in the London-headquartered business in 2015, joining a round of funding to accelerate NewVoiceMedia’s international growth plans, which was principally focused on the North American market.
1st October 2018
The Northern Powerhouse Investment Fund (NPIF) is marking another milestone as it celebrates backing £100 million of investment across the Northern Powerhouse region.
The Fund has directly invested £60 million in small and medium sized companies since its launch, in deals that have attracted an additional £40 million of investment from the private sector.
Investments from the fund cover a broad range of business types with a strong appetite evidenced from manufacturing and high-tech businesses with a total of £11 million and £15 million invested in these sectors respectively.
25th September 2018
Brightman, the IT transformation and change management experts, has launched a new white paper aimed at addressing the challenges faced by SMEs when attempting to work with the public sector.
The new white paper, titled “Taking the brakes off: How SMEs can be unleashed to drive the rapid digitisation of the public sector,” provides an analysis of the government’s approach to IT procurement and focuses on ten recommendations to improve the fairness of procurement for businesses of all sizes in order to deliver better public services through the digitisation of the public sector.
24th September 2018
Agile networking pioneer and UK-based hybrid cloud Platform-as-a-Service (PaaS) start-up 6point6 Cloud Gateway has won recognition in the Cloud Excellence Awards.