Funding

Reverion, a company pioneering carbon-negative, reversible power plants, has secured $62 million in Series A funding, including non-dilutive capital. The round, which exceeded expectations, was led by Energy Impact Partners (EIP) and saw backing from Honda and the European Innovation Council Fund (EIC Fund).

EIT InnoEnergy, known for driving innovation in sustainable energy, has committed €1 million to LignEasy, a trailblazer in bio-based materials.

Purple Transform, an AI-driven data analytics firm specialising in preventing incidents like theft, trespassing, and antisocial behaviour on railway lines, has secured £4.5m in a funding round led by Mercia Ventures through the Midlands Engine Investment Fund II, with backing from Sure Valley Ventures.

Twin Science & Robotics, a UK-based edtech startup, has secured £1.25 million in a funding round led by Soulmates Ventures, with participation from APY Ventures, existing backers, and notable angel investors. This new investment will fuel the company’s global growth, with a particular focus on expanding its presence in the US.

Kinetix has unveiled its AI-UGC Fund, a $1 million initiative aimed at empowering game developers and modders to integrate Generative AI technologies directly into gameplay. The first beneficiary of the fund is SmokeSpot Games, creators of the customisable fighting and fashion game Dropcult.

SOLASTA Bio, a Glasgow-based agri-biotech firm pioneering next-generation green insecticides, has closed an oversubscribed $14 million Series A funding round. The capital injection will accelerate the development of its peptide-based bioinsecticides – innovative, nature-inspired solutions that represent a world-first in the industry.

Cashmere, an AI-powered client acquisition platform for wealth management firms, has successfully completed a $3.6 million seed funding round.

Baseload Capital, a Swedish company advancing geothermal energy on a global scale, announced the completion of its €53 million Series B funding round.

Triple Point, a purpose-driven investment manager, has launched a new £10 million fundraising initiative for its Triple Point Venture VCT (“the VCT”). This capital raise will support the VCT’s growing portfolio of 50 innovative B2B startups spanning 20 different sectors.

Recruitment technology company, Willo, has raised £1.8 million in a recent funding round, with significant backing from Peter Bauer, the US-based founder of Mimecast, a global business in email security. Bauer’s £1.5 million investment highlights his confidence in Willo’s potential for significant international growth, driven by its advanced video interview platform.

£150k of funding, advertising, and resource support is up for grabs for one budding entrepreneur from less advantaged backgrounds outside of London thanks to an entrepreneurship programme Havas Boost launched by Havas Media Network UK.

Access to funding, as well as a lack of financial skills and confidence, are some of the major barriers holding female entrepreneurs back, according to a new report by Small Business Britain, in partnership with Square and Clearpay.

PastPay, a provider of B2B payment solutions, has announced a €12 million Series A funding round led by Platina Capital in collaboration with several leading financial institutions and high-profile private investors.

HeyFlow, a company focused on female reproductive health inclusion in the workplace, has become the first investment client of Aer Venture Studios, the impact-driven SaaS arm of Aer Studios. The £235,000 investment will support the development of HeyFlow’s tech platform and employee insight product, helping the company expand its reach to more enterprise clients.

CardiaTec, a biotech company focused on decoding the biology behind cardiovascular disease, has announced the successful completion of a $6.5 million seed funding round. This capital injection will enable CardiaTec to enhance its platform and advance its proprietary drug targets into the preclinical phase.

NanoSyrinx, a synthetic biology company pioneering nanosyringes for targeted intracellular delivery of biologic therapeutics, has secured approximately £10 million ($13 million) in a new financing round.

Puraffinity, a startup specialising in precision technology to remove toxic “forever chemicals” (PFAS) from water, has unveiled plans for significant expansion following a £6.73 million investment from BGF and the appointment of Vincent Caillaud as its new CEO.

Hello Inside, a metabolic health service using Continuous Glucose Monitoring (CGM) technology tailored for women, has secured €1.65 million in seed funding.

Reonic, a climatetech SaaS startup dedicated to advancing sustainable energy solutions across Europe, has secured €13 million in a Series A funding round. Northzone led the investment, with support from existing backers Point Nine and Puzzle Ventures.

Stylus, a startup aiming to transform teacher workloads through AI-powered marking and feedback, has raised £500,000 in a funding round led by Sure Valley Ventures, a venture capital firm focused on AI-driven innovation.