With Q-Bot’s advanced insulation installed in over 200 homes every month and following a 60% increase in revenue over the past 12 months, Q-Bot has secured a new tranche of investment, totaling more than £3.5million. The new funding will support Q-Bot’s growth in its main market of the UK, in continental Europe and in the USA. In the UK alone, Q-Bot’s high performance retrofit insulation can help insulate the 8-12 million homes that have suspended floors and which are hard to treat using traditional forms of insulation. 

Kuano, a Cambridge-based drug discovery company combining quantum mechanics with AI to design the next generation of medicines, has closed a £1.8m seed funding round led by Mercia Ventures and including ACF Investors, Ascension Ventures, o2h Ventures, Meltwind Advisory LLP and other angel investors.

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

QVentures has invested in Intanify, an AI software platform to help companies identify, categorise and value intangible assets.

QVentures led the pre-seed funding round of £410k with participation from sophisticated angels from firms such as Goldman Sachs, Citadel and Dentons. In addition to this, Intanify has been awarded Innovate UK grants totalling £460k.

Thalia, a UK-based company whose software platform enables semiconductor businesses to develop new products using existing chip designs, has raised £2.1m to drive the next phase of its growth.

Distil.ai – a customer data platform that helps e-commerce businesses to understand customers’ behaviour and boost sales – has raised a further £1.1m in a funding round led by Mercia Ventures and supported by angel investors.

CANADA: St. John’s-based trophi.ai has raised a $3.3 million seed round led by Halifax venture capital fund Build Ventures and plans to use the money to hire 10 to 15 people, with a test version of its product boasting a 10,000-person waitlist.

Centuro Global, the one-stop-shop for businesses looking to expand overseas, will expand its offering as a cost-effective alternative to larger consultancy firms following a successful fundraising round.

The fast-growing scale-up has landed £3.3million from Mercia, having landed contracts with some of the leading companies in the world, exceeded sales targets, and tripled headcount over a period of phenomenal acceleration.

Scottish technology firm Bioliberty has secured £2.2 million in funding to develop a unique soft robotic glove which can restore upper limb mobility in patients following a stroke. The funding round was led by Archangels, with participation from Eos Advisory, Old College Capital and Hanna Capital SEZC.

Vulse.co, whose groundbreaking AI technology is reducing content creation times from hours to seconds, has secured a pre-seed round of angel investment worth £150,000, to accelerate growth and implement revolutionary features.

Antiverse Ltd, a biotechnology company developing a computational antibody drug discovery platform, has closed a $3 million investment round that will enable further development of its AI-driven drug discovery platform.

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.