Successful round for Modern Milkman
Lancashire-based sustainable milk delivery service Modern Milkman has raised £50m in Series C funding. Insight Partners and ETF Partners led the round, alongside Praetura Ventures, Avery Dennison and angel investors.
The Modern Milkman delivers milk in reusable glass bottles, which are collected, washed and reused. All other packaging is plastic-free, with the start-up claiming to have saved over 55 million plastic bottles to date.
Cancer treatment start-up raises £17.2m
Turbine – a London-based start-up which can predict the effectiveness of cancer treatments – raised €20m (£17.2m) in Series A funding. Mercia and MSD Global Health Innovation co-led the round, joined by Day One Capital, Accel, Delin Ventures, and XTX Ventures.
Turbine’s platform provides a deeper understanding of cancer cell biology and can be used to help pharma companies understand causes of resistance to therapy, identify novel cancer therapies, predict cancer drug efficacy, and allow existing drugs to be targeted at the patients most likely to benefit.
Plant-based food brand cooks up £5m
The London-based start-up has a team of chefs producing foods such as dry-aged vegetables and a cheese-like alternative made from soya and coconut milk.
Software platform Surfboard rides £4.2m wave
Surfboard, a software platform for customer service teams, has raised £4.2m in a seed funding round led by Speedinvest. Fly Ventures, Seedcamp, Tokyo Black, Nomad Capital, Jag Singh and Foreward VC also participated.
Surfboard’s all-in-one software platform for planning aims to streamline workflow management across HR, scheduling, messaging and spreadsheets.
Fintech Atoa banks £1.8m
Atoa Payments reduces a merchant’s cost of accepting payments by up to 70 per cent and ensures instant payment rather than the standard one to two days for debit cards. The merchant can accept payments from customers via SMS, a link or by displaying a QR code on their Atoa app or QR stand.
Period care start-up Here We Flow raises £1.7m
Here We Flo intends to challenge the period, bladder and sexual wellness markets with organic and vegan products which are sustainably sourced and free of any dyes, pesticides, plastics and other contaminants that may impact health.
Last-minute reservation finder served up £1m
Ambl, a platform for spontaneous people to find last-minute reservations, has raised £1m in a seed funding round led by angel investors.
Ambl matches diners and drinkers with available venues in real time, meaning last minute spaces created out of no-shows or last-minute cancellations can be filled at the last minute by spontaneous diners or drinkers looking for walk-in availability.