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16th October 2018

 Why being lean is more attractive to potential investors

Gianluca Bisceglie, founder and CEO of Visyond, discusses why a lean startup model can help attract investment.

16th October 2018

Seraphim  Capital's Space Camp Mission 2 cohort revealed

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

BGF invests £2 million in high-growth HeleCloud

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

Speech Graphics raises £2m from Archangels, Par Equity and Scottish Investment Bank

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.

15th October 2018

Green Angel Syndicate backs Piclo to transform energy trading

Green Angel Syndicate has invested in Piclo (formerly Open Utility) in its latest round to finance the expansion of its revolutionary energy trading software system, Piclo Flex.

‘Flexibility’ is the term used in the energy market to describe the balancing of energy consumption or generation in response to a price or an instruction. There is currently no efficient system to trade flexible energy consumption and generation in a dynamic, responsive and – most of all – rapid manner.

15th October 2018

Par Equity invests £1.3m in Censo

Edinburgh-based venture capital firm Par Equity has invested £1.3m in a rapidly growing stem-cell research company that is helping pharmaceutical giants to develop new treatments for diseases including Parkinson’s and Alzheimer’s.

12th October 2018

Covatic, a personalisation software for media companies, raises £850k

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.

11th October 2018

Mobeus invests £9M in customer experience specialists, Ventrica

Ventrica, a European, award-winning, outsourced contact centre, has attracted a £9 million investment from Mobeus Equity Partners.  Ventrica provides intelligent, multi-lingual and omni-channel outsourced customer contact services to a range of global ‘blue-chip’ brands.

11th October 2018

Voxpopme set to scale with £1.5m investment from Mercia

National investment group Mercia Technologies PLC has announced a £1.5million follow-on investment into its direct investment, Voxpopme, to support the further scaling of the business as it is set to double its revenues this year.

10th October 2018

Foresight makes £500,000 MEIF investment into Swoopos

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.

10th October 2018

EQT leads €4.5 million fundraising for Siilo

Siilo, the secure instant messaging app for healthcare professionals, has raised a €4.5 million funding round. Lead investor in the round is the EQT Ventures fund with participation from existing investors. The funding will be used to scale-up Siilo’s user base across Europe, with a particular focus on the UK and Germany.

Medical professionals are faced with an increasingly fragmented healthcare system and outdated methods of communication, such as fax, pagers and landlines. This often results in key patient data being siloed and valuable time being wasted trying to get access to the right information. To ensure the right teams have access to vital patient data at the right time, healthcare professionals have taken matters into their own hands. According to British Medical Journal research, 98.9% of UK hospital clinicians now have smartphones, with about a third using consumer messaging apps in the clinical workplace.

10th October 2018

Sustainable wood producer Lignia receives £3 million funding from Downing

LIGNIA Wood Company, a producer of sustainable modified wood based in Barry, Wales, has secured £3 million funding from London-based investment manager Downing LLP, to support the construction of its first commercial production facility.

The company is helping tackle issues relating to lack of supply of legal and sustainable hardwoods. It is doing this by modifying the properties of sustainably-sourced, plantation-grown softwoods under the brand name LIGNIA®.

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