FINLAND: Finnish Earth observation company Kuva Space has successfully raised €16.6M in funding. The funding round was led by existing investors Voima Ventures and Nordic Foodtech VC, with Singapore-based Earth VC also participating. The round also includes Finnish private investors through a Finland-based growth funding initiative with Springvest and non-equity funding from Business Finland.

Geovation,  a community of innovators and collaborators which uses location data to create solutions addressing global challenges, has announced a new cohort of six GeoTech and PropTech start-ups has just been selected to start on its Accelerator Programme. 

PARIS: Zygon, the cybersecurity solution for protecting enterprises from the risks brought by the uncontrolled spread of Software-as-a-Service applications among their teams, today announced a $3M seed round and the public release of their solution. The fully subscribed round was led by Axeleo Capital, and includes Kima Ventures as well as multiple world-class cybersecurity angel investors.

Haia, the cutting-edge virtual and hybrid events platform which received angel investment in 2022, has announced its success as the platform partner at the Wales Tech Week 2023. This remarkable collaboration not only underscored Haia's commitment to redefining event experiences but also represents a significant milestone in its journey to transform the events industry.

BILRS, a dynamic and innovative startup specializing in cross border bill payment solutions, is thrilled to announce its investment from Haatch, a renowned venture capital firm with a strong track record of backing disruptive technology companies. This funding will enable BILRS to accelerate its mission of bringing transparency to the money remittance markets.

A Sheffield IoT start-up that helps manufacturers to maximise productivity and reduce energy use has raised £1.8m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, Mercia’s EIS funds and angel investors.

VIENNA: raicoon, a climate-tech company and world leader in autonomous solar operations, has announced a €4 Million seed funding round to tap into new markets, enhance its product offering and expand the team.

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Archipelago Technology Group. This forms part of a capital raising round of nearly £1.5 million comprising both equity and an Innovate UK grant provided under the Future Economy Programme. Co-investors in the equity round included members of the management team, Cambridgeshire and Peterborough Business Growth Company and several angel investors.

The Gower Electric Company started life as part of Gower Power and has grown into an independent Community Interest Company that supplies locally produced electricity to a small number of customers in Swansea and the surrounds.

StudentCrowd, a company which aims to be the ‘Tripadvisor of higher education’ has raised over £2.5m through the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia Ventures and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and existing private investors.

StudentCrowd’s platform provides in-depth information on universities, courses and accommodation and produces its own league tables based on reviews from existing students. The funding will enable the Wolverhampton-based company to enhance its platform and expand it to cover other student services.

Pioneering driverless car company Conigital has secured £500 million in funding supported by the Angels@Essex team which offered invaluable advice and guidance as the start-up launched.  

Conigital now claims £500m injection makes it the highest-funded driverless vehicle startup in the UK and Europe and hailed the investment as an “exceptional milestone”.   The expert team at Essex identified the company as a hot prospect in 2020 after a pitching competition in October 2020, where Conigital won a share of up to £150K.  

Navenio, the UK location tech scaleup, has announced its £5m million investment to help revolutionise healthcare efficiency worldwide. The round was led by Oxford Science Enterprises, and saw Navenio’s existing investors, including G.K. Goh Ventures, Big Pi Ventures, George Robinson, and the University of Oxford, participate.