As the UK experiences record waiting times for diagnostic imaging, Digital Health startup, National MRI has raised $2.5m seed led by Oxford Capital, YZR, Founders Factory, KM Capital and well-known industry angels Tom Blomfield, Evelyne Bourke (ex-BUPA CEO) and Harry Hurst (PIPE CEO).

Award-winning medtech firm, Glyconics© has secured £1.5million in an Enterprise Investment Scheme (EIS) funding round ahead of a series A round next year. The innovative diagnostics startup, with offices in Cambridge, Norwich and Basingstoke, raised well over the intended £850k in a raise led by investment platform Wealth Club and existing investors, Deepbridge Capital and Boundary Capital. Demand from Wealth Club private investors and angel investors pushed the total amount further to £1.5 million.

Seneca Partners, the specialist SME investment business based in the North West has announced that EIS portfolio company, Manchester-based Wejo Limited, a leader in connected vehicle data, has completed a reverse merger with Virtuoso Acquisition Corp (VOSO.O) and trading in the enlarged business commences today on Nasdaq.

ARIE Capital has launched its new ARIE Tech EIS Fund. The ARIE Capital Group is a significant tech investor, with £500 million of assets under management.

The new EIS fund is technoology based but has some notable differences from other EIS tech funds in the market.

Par Equity’s investments in high-growth technology businesses have smashed through the £100m mark. The milestone was passed when the company completed five investments in a week earlier in October.

Par, from its headquarters in Edinburgh, backs emerging technology stars across the North of the UK. This strategy sets it apart from 80%-85% of its VC peers, which are London-based and channel most of their investments into the capital and surrounding area.

Par Equity has made a multi-million pound investment in Artus, the designer and supplier of innovative HVAC (Heating, Ventilation and Air Conditioning) solutions.

Artus’ ground-breaking HVAC system represents a step forward over existing solutions, the technology for which has remained largely unchanged for the past thirty years. It not only transforms the way buildings are cooled and heated but will also significantly reduce the amount of energy consumed and carbon generated.

Par Equity has won Best EIS Manager at the prestigious 2021 EISA (Enterprise Investment Scheme Association) awards.

The Edinburgh-based VC, which specialises in investing in innovative technology companies in the North, was also highly commended in the EISA Impact Award.

Tax efficient investment manager Deepbridge Capital has announced that it has exceeded £200m of funds deployed across its EIS and Estate Planning Service funds, with a current NAV in excess of £250m.

Founded in 2010, Chester-based Deepbridge launched its first EIS fund in the 2013/14 tax year and specialises in providing venture capital to early-stage technology, life sciences and renewable energy companies.

Deepbridge has, to date, invested in 71 companies across the UK with Enterprise Investment Scheme (EIS) funding, a further 63 companies at Seed EIS stage, with three profitable exits.

Tax efficient investment manager Deepbridge Capital has completed an exit for investors in its Deepbridge Renewable Energy Enterprise Investment Scheme (EIS) fund.

Tax efficient investment manager Deepbridge Capital has announced an exit for investors in its Deepbridge Renewable Energy Enterprise Investment Scheme (EIS) fund.

London-based llluma Technology, a contextual advertising company which uses AI to expand online campaigns by reacting to live browsing behaviour, has secured a £1.1m Series A investment from Blackfinch Ventures.

Founded in 2016 by leading data scientists and media experts, Illuma’s GDPR- compliant platform offers an alternative to cookie-based targeting which results in a better return on investment for advertisers.

Vala Capital, the entrepreneur-led venture capital firm, has launched a new tranche for its EIS portfolio – targeting fast-growth British start-ups with strategies to scale quickly and become the next generation of British unicorns.