Funding

Where You At (WYA), a female-founded app that enhances nightlife safety using indoor mapping and offline mesh technology to help users stay connected in crowded venues, has raised significant funding which has helped it make a huge impact in a short space of time.

INSHUR, a global embedded insurance provider for the on-demand economy, has secured $19 million in its latest funding round. This round was led by Viola Growth, with contributions from MS&AD Ventures and existing backers, bringing INSHUR’s total funding to $78.5 million.

Mountside Ventures, Europe’s pioneering accelerator and early-stage advisory firm, has announced their inaugural VC accelerator programme to empower emerging VC managers, The Emerging VC Manager Programme.

BGF, the UK and Ireland’s active growth capital investor, has completed a £6 million investment into Signify Research, a specialist health tech market intelligence provider.

Siloton, the Bristol-based health technology startup, has secured £860,000 to progress the commercial roll-out of its eye imaging chip technology, which could help address the UK’s most common cause of sight loss.

Round Treasury, an all-in-one banking and treasury platform built for founders and CFOs, has secured $2.1 million in a pre-seed funding round. Passion Capital, known for backing Monzo Bank, Tide Banking, and GoCardless, led the round, with additional investment from Tiny VC, Ascension, Samos Investments, and Entrepreneur First.

RedTrack, an AI-powered analytics and automation platform for media buyers, has secured $3.2 million in Series A funding, led by LeadVentures with backing from InstaVC, IronWolfCapital, and angel investor Balazs Gandera. RedTrack’s platform currently tracks 60,000 ad accounts, generating over $2 billion in revenue for more than 800 businesses, including ecommerce stores and marketing agencies.

Europe is at risk of missing out on innovative early-stage spacetech companies if it continues its current rate of capital allocation.

Toyota Motor Corporation has announced plans to inject $500 million into Joby Aviation, the electric air taxi developer, as part of a larger effort to bring air mobility closer to reality. The investment is aimed at supporting the certification process and scaling up the commercial production of Joby’s electric air taxis.

Proteine Resources, a biotech company based in Poland, has secured €1.36 million in funding from SMOK Ventures and Bitspiration Booster VC, bringing its total raised to €1.8 million. Focused on revolutionising the animal nutrition sector, the company is pioneering the sustainable production of insect protein, aiming for €62 million in annual revenue by 2030.

Perlego, the subscription-based digital library offering unlimited access to academic content, has raised $20 million in a funding round led by former Tesco CEO Sir Terry Leahy. ITHAKA, the organisation behind JSTOR, also joined the round alongside investors such as MediaHuis, Raine, KPN Ventures, and the founders of Kahoot, bringing Perlego’s total funding to $75 million.

Building Radar, a software platform transforming sales workflows in the construction industry, has secured $7.2 million in new investment, led by Socii Capital. This funding will fuel the company’s continued AI-driven product development and help expand its market reach.

Gaia Learning, an online education provider, has achieved its largest funding milestone yet, securing £550,000 in venture capital. This significant investment will enable the company to expand its support for neurodivergent children across the UK.

BGF has taken a minority stake in ER Productions, a leading company in laser production, pyrotechnics, and special effects (SFX).

ALL.SPACE creates cutting-edge multi-orbit, multi-network connectivity solutions, enabling high-speed, uninterrupted communications across air, land, sea, and space.

Zurich-based Voliro, an innovator in aerial mobile robotics, has successfully raised $12 million in a Series A funding round. This round was led by Cherry Ventures, with additional backing from established business angels, family offices, and a traditional debt facility.

OpenAI has announced the successful completion of its latest funding round, raising $6.6 billion at a post-money valuation of $157 billion.

Ameba, an AI-powered platform revolutionising supply chain management, has secured $7.1 million in Seed funding, led by Hedosophia. Visionaries Club, a prominent early-stage investor in Europe, reinvested after leading Ameba’s pre-Seed round, alongside participation from Anamcara.

Submer is pleased to announce a successful investment round of $55.5 million thus far, led by M&G, an investment company with £346.1 billion assets under management as of June of 2024.

Ameba, the AI-driven platform helping companies manage and unlock growth from their complex supply chains, has today announced a $7.1M Seed round led by Hedosophia.