JAXJOX judged fit for purpose after £7.7m investment
The funding is set to expand development of its new platform JAXJOX InteractiveStudio, which will launch into the UK market in early 2021.
Bimsense look to build-on £250,000 in new funding
Bimsense, a construction company specialising in building information modelling (BIM) which allows building projects to be rendered digitally, has raised £250,000 to bring their smart building software to market.
The funding was supplied by NPIF – Mercia Equity Finance, and will allow Bimsense to commercialise its system and create 10 new jobs over the next two years.
e-Bate platform secures £950,000 springboard
e-Bate platform, a software platform helps companies to manage rebate and incentive schemes, has secured £950,000 from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s own EIS funds and the government’s Future Fund.
The funding will allow the Leicester-based firm to create five new jobs and further increase global sales. This latest funding round is the second investment by MEIF and brings the total raised so far by the company to over £2m.
Artificial Artists adds new dimension to services after £450,000 investment
The funding will help it develop its software platform 3dctrl which reduces production time and allows marketing managers to make their own 3D video and images for use in digital ads.
Ori Biotech manufactures £23.2m in Series A round
Ori Biotech Ltd, a company in cell and gene therapy manufacturing, announced the successful close of a $30m (£23.2m) Series A financing round, bringing the company’s total funding to date to $41m (£31.7m).
The Series A investor syndicate was led by the life sciences investment team at Northpond Ventures, alongside Octopus Ventures with support from Ori’s existing institutional investors, Amadeus Capital Partners, Delin Ventures and Kindred Capital.
Northpond Ventures is a global science, medical, and technology-focused venture capital firm, with offices in Bethesda, Cambridge, and San Francisco. Northpond has in excess of $1bn of committed capital.
Zanos acquired by Stort Chemicals
Zanos, a company specialising in sourcing and supplying essential oils and chemicals, has been acquired by Stort Chemicals Limited.
Paul Tyrer, a partner in the corporate team at northwest law firm SAS Daniels LLP advised on the deal.
The Global Returns Project looks to launch a new greenhorn initiative
The Global Returns Project, a new climate initiative co-founded by two ex-financiers, has launched a campaign to fund not-for-profit climate solutions.
The Global Returns Project is calling on individuals to Reinvest in Earth by committing 0.25% of their savings and investments each year to organisations combatting climate change – with the goal of raising a regular annual total of $10bn within the next decade.
Brighteye Ventures raises £41.7m for new fund
Brighteye Ventures, a European education technology venture capital fund, has raised $54m (£41.7m) for its second fund, bringing assets under management to over $112m (£86.6m). This funding came from a mix of existing and new investors, primarily international Family Offices, with a second close expected in 2021 to accommodate institutional investors.
With the new funding, Brighteye Ventures will invest in 15-20 companies over the next three years at the seed and Series-A stage and write cheques up to $5m (£3.8).
Antser £4.15m support package from ThinCats
The funding will be used in the development of a new data insights solution for health and social care providers, “Antser Insight”.
ThinCats is an established alternative lender dedicated to funding SMEs with business loans from £1m up to £15m and has enabled SMEs to borrow more than £660m.
Blue Ocean dredge up £10m funding deal
The investment will be deployed to continue the development of a fully integrated system to conduct offshore seismic surveys for oil and gas.
bp ventures is a venture capital firm that identifies and invests in private and high-growth technology companies across the energy sector.
Create Health has raised a £500,000 funding round
The funding will be used to restructure and grow the business.
The investment is the fourth investment from the Creative Growth Finance Debt Fund since it was launched last year. Established by Creative England and ethical bank Triodos Bank UK, the fund provides vital scale-up finance to the creative UK businesses.
Cover Genius, the global insurtech company whose insurance distribution platform provides protection for online customers, has raised AU$15m (£8.2m) in a funding round, led by King River Capital and supplemented by a loan from Leap Capital. The funding will support integrations with companies across South East Asia, India, the United States and Europe.
Upside, a London-based fintech startup which aims to utilise the power of open banking, has raised £325,000 through Seedrs. The money will help the company meet its growth aims in all areas including international expansion.