Cambridge Mechatronics Limited (CML), a player in the design and control of Shape Memory Alloy (SMA) actuators, announced the completion of a funding round, amassing over $40 million to facilitate the swift expansion of its actuator and controller IC product ranges.

Spacegoods, a pioneering wellness brand that focuses on functional mushrooms and nootropics, secured a £2.5 million seed investment.

OnePlanetCapital, a venture capital firm dedicated to climate change, has initiated an angel syndicate to offer investors the opportunity to directly invest in specific companies within its portfolio.

Macmillan Cancer Support is allocating £350,100 to fund Lucida Medical's innovative AI platform, Pi, aimed at enhancing the precision and efficiency of prostate cancer diagnostics.

In a significant move aimed at transforming the European hospitality industry, Finnish technology-driven hospitality operator, Bob W, announced it has secured Series B financing amounting to €40 million.

Gresham House Ventures, a growth equity investor specialising in software and digitally-driven businesses in the consumer, healthcare, and service sectors, has invested 8.5 million in Ozone API, the open banking API platform founded by the team that designed open banking in the UK.

Project 3 Mobility, a Croatian company developing a new ecosystem of urban autonomous mobility, closed its Series A investment round, growing the total amount raised from private investors to c. €100 million.

SQCDP, a SaaS startup based in Newcastle, has secured £200,000 in funding to enhance manufacturing efficiencies and boost workforce engagement by eliminating problematic paper systems within factories. This investment forms part of a broader pre-seed funding initiative that continues to seek contributions.

Small and Medium Enterprises (SMEs) form the backbone of the UK economy, in fact they account for 99% of all private sector businesses, contributing significantly to innovation, employment, and economic growth. In this article, Neil Cassule, COO at FundOnion discusses how SMEs can ensure they are in pole position to gain finance in 2024. 

AI has undergone significant advancements over the past decade, with its pace of development accelerating in recent years.

Clue Software, a startup in the field of investigation and intelligence management software, has announced a £4 million investment round led by Frog Capital, complemented by £1 million from angel investors and employees, with ScaleUp Group acting as the investment advisor.

Starship Technologies, a pioneer in transforming science fiction into reality with its delivery robots operating in the US and Europe, has announced a $90 million investment, co-led by Plural and Iconical.

The Start Up Loans programme, part of the British Business Bank, helps new and early-stage UK businesses gain access to affordable finance and mentoring support.

London FinTech firms KoinKoin and SR FINANZMANN, have closed a $2 million private funding round in major boost to their corporate OTC business for foreign exchange and digital assets.

DUAMENTES experts guide startup founders through the motivations of venture funds and explore strategies to influence them.

Monomer Bio, an innovative lab automation and analytics platform designed to unlock new possibilities in scientific research, recently secured $5.6 million in seed funding.

The most recent Baltic Startup Funding Report, a collaborative effort by FIRSTPICK and Change Ventures, offers a comparative analysis of startup funding in the Baltic states against European frontrunners.

The recruitment tech startup HireAra has raised a £450,000 Seed round for their AI-powered candidate presentation platform for recruitment agencies. The platform helps recruiters to make their brand and their candidates stand out to hiring clients, increasing the speed at which these candidates are placed in new roles.

AI audio content pioneer Wondercraft has raised a $3m Seed round to scale its ‘Canva of audio’ platform in a round led by Will Ventures and backed by Y Combinator,  ElevenLabs, Steven Bartlett and other Angels. The technology enables anyone to create studio-quality audio productions - whether it’s for podcasts, ads, audiobooks, meditations or training materials - in any language, by simply typing.

OpenDialog, a conversational AI platform catering to regulated industries, has successfully secured over $8 million in a Series A funding round.