Funding

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.

Helsinki- and Palo Alto-based startup Root Signals has secured $2.8 million in funding to advance its generative AI (GenAI) measurement platform, which employs LLM-as-a-judge techniques.

Retrograde, the AI talent agency for content creators co-founded by Grace Beverley, has raised €1.8 million in pre-seed funding.

Cypriot startup Placy has secured €1 million in pre-seed funding to advance its AI-driven platform. Placy, founded just 10 months ago in Limassol by former CIAN and Wargaming colleagues, aims to streamline and automate the often cumbersome processes involved in property transactions.

The World Economic Forum has highlighted the Skills Gap Crisis as a critical issue, projecting a potential loss of $11.5 trillion in GDP growth over the next decade if unaddressed.

Treble Technologies, a startup in sound simulation and synthetic audio data generation, has secured €11 million in a Series A funding round.

OceanScore, a provider of data and compliance management solutions for the maritime industry, has secured a €5 million in an oversubscribed Series A funding round. This fresh capital injection will enable OceanScore to enhance its product offerings and broaden its global reach.

Ampersand, one of Africa’s electric vehicle energy tech companies, has secured additional equity funding, bringing its total raised in the past year to $21.5 million. This strong financial backing highlights growing investor confidence in Ampersand’s mission to electrify Africa’s vast motorcycle market.

DeSci Labs has secured $6.5 million in seed funding to develop the infrastructure for a traceable digital version of the scientific record. Supported by prominent investors, this software engineering startup has reached key R&D milestones to launch DeSci Publish, the first open-source, peer-to-peer platform for scientific publishing.

Sunswap, a UK-based clean-tech startup focused on decarbonising cold chain logistics, has secured £17.3 million in a funding round led by investment company BGF.

Harmonyze, formerly known as Legal Hat, an AI-driven platform aimed at enhancing franchisors’ profit margins, has successfully closed over $2 million in pre-seed funding.

The Series A funding round, spearheaded by Balderton Capital and joined by existing investors TQ Ventures, Earlybird, and Seedcamp, marks a significant milestone for Tilt, a real-time shopping platform. Founded by former Revolut employees Neil Shah and Abhi Thanendran, Tilt is revolutionising the e-commerce landscape by positioning itself as the premier destination for fashion worldwide.

Workpay, a cloud-based platform designed to streamline HR, payroll, and employee benefits across Africa, has secured $5 million in Series A funding. The round was led by Norrsken22 and included investments from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures, and Acadian Ventures, a firm known for backing the next wave of work-related technologies. This new funding comes after Workpay’s successful pre-series A round, which raised $2.7 million earlier in 2023.

Finnish biotech company NADMED has secured €3.5 million in a Series A funding round to support its expansion into the US and other global markets with its innovative technology for measuring nicotinamide adenine dinucleotide (NAD). This technology has the potential to enhance the precision of personalised treatments for a range of diseases.

Edinburgh-based B2B SaaS provider Administrate, specialising in learning and training management software, has successfully raised £3.05 million in a new funding round. The Investment Fund for Scotland, Equity Finance, managed by Maven Capital Partners and delivered by the British Business Bank, contributed £1 million. The round also saw continued backing from existing investors Mercia and Archangels.