Numan bulks up with £44m Series B
Numan, the men’s health digital platform, has raised $20m (£14.8m) in debt from Kreos Capital. It completes a $60.1M Series B round, which was led by White Star Capital, with participation from Novator, VNV Global, and Anthemis Exponential. Numan provides men with online access to medical professionals, prescription medication, at-home blood testing, and holistic health advice.
Vitesse speeds up with £19m Series B round
Insurance industry fintech Vitesse PSP has closed a $26m (£19.2m) Series B round led by Octopus Ventures alongside Hannover Digital Investments and angel investors including former Worldpay CEO Ron Kalifa, author of the Kalifa Review. Vitesse is already used by 70 per cent of insurers in the Lloyd’s of London market, as well as new insurers such as BoughtByMany pet insurance.
Orthox flexes £9m Series A funding round
Orthox, which develops implants to repair damaged knee cartilage, has closed a £9.2m Series A funding round. Parkwalk led the round, joined by existing shareholders Oxford Technology & Innovations EIS Fund and Perivoli Innovations plus new investor Additio Investment Group. The finance will be used to support further clinical trials of its lead product, FibroFix, in hospitals.
Paleo Ridge chows down on £2m investment
Raw dog food brand Paleo Ridge has raised £2m investment from private equity firm Ashridge Capital. The money will be used to open a new manufacturing and dispatch facility, creating 20 new jobs at its Hampshire headquarters. Paleo Ridge has signed up over 20,000 customers for its raw dog food over the past seven years.
FoodDocs signs up for £1.8 funding round
FoodDocs, which uses AI to help companies stay compliant with food safety rules, has raised £1.8m in a round led by Bonnier Ventures, with Forward Venture Capital and Spring Capital joining existing investor United Angels VC. The company says its technology makes getting compliant 500x faster than the traditional method and allows food businesses to save 20% of their time on staying compliant.
Peequal makes splash with £250,000 investment
Peequal, the UK’s first female urinal has raised £250,000 in its first funding round through British Design Fund and angel investors including Monzo co-founder Tom Blomfeld. The female urinals are 6x quicker to use and produce 98 per cent less carbon than traditional toilet stalls. The urinals are set to be installed at several major festivals this year.