Simulation software developers Simul Software Ltd, has received a £150k investment from NPIF - Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund.  The Fund is delivered by MSIF working with Maven in the Liverpool City Region.  Founded in October 2007, Simul is a simulation software company that specializes in real-time rendering. TrueSKY, one of the company’s best-selling products, offers real-time rendered weather & sky for 

Beauhurst analyses the top tech VC deals so far in 2019.

Maven Capital Partners has led a £3 million funding round in Manchester-based DigitalBridge, a Guided Design platform for kitchen and bathroom retailers. Today’s transaction comprises a £1.5 million package from Maven’s Venture Capital Trusts (VCTs) and £1.5 million from the NPIF Maven Equity Finance, a regional development fund managed by Maven which forms part of the Northern Powerhouse Investment Fund. The funding will support the roll-out of DigitalBridge’s platform and the creation of 15 new jobs. It will also enable the company to create additional products and penetrate new markets, particularly the US.  DigitalBridge has been working with Kingfisher Plc (owners of B&Q and Castorama) since 2017. 

GeckoLabs, a company whose software platform helps universities to engage and recruit students, has secured £1.8m investment from Mercia Fund Managers, the Scottish Investment Bank’s Co-Investment Fund and existing angel investors.

AlbionVC has led a £2.6m Series A investment round in Clear Review, the UK HR technology scale-up. AlbionVC invested £1.85m with existing shareholders Mercia Technologies and angel investors also supporting the round.

Clear Review is a cloud-based performance management platform that promotes frequent employee feedback and continuous employee-manager conversations. It has experienced rapid growth since launching in 2016, increasing revenue and headcount by 100% and attracting more than 200 customers with its simple, yet engaging user interface. 

The Harwell Space Cluster has added 14 new companies to its impressive roster, now comprised of 92 organisations including the UK and European Space Agencies, STFC RAL Space and The Satellite Applications Catapult. Collectively employing over 1,040 people, Europe’s most concentrated Space cluster is comprised of commercial, public and academic organisations focused on driving innovation in the UK Space market.

Qualis Flow, the environmental management platform that tracks, monitors, and predicts project environmental risk, has raised £725,000 in seed funding. This round of investment is being led by Pi Labs, the proptech VC specialist, alongside Entrepreneur First, MMC Ventures and Rising Tide Europe. 

UltraSoC plans to substantially grow its worldwide operations to address emerging opportunities in the cybersecurity, high-reliability and safety-critical systems markets. This latest expansion follows the successful closing of a £5m equity funding round, in which cybersecurity-focused venture capital firm eCAPITAL, and Seraphim Capital, a specialist investor in the space ecosystem, joined existing UltraSoC investors Indaco Venture Partners, Octopus Ventures, Oxford Capital, Techgate, and business angel Guillaume d’Eyssautier.

Pharrowtech, the designer of chip and antenna solutions for high-speed wireless applications, has raised more than €6 million for its Seed investment round. This ambitious investment round led by imec.xpand and Bloc Ventures with participation from imec and KBC, will allow Pharrowtech to further enhance the leading-edge capabilities of its products and prepare for high-volume production rampup aimed at Fixed Wireless Access, 5G, AR/VR and other bandwidth demanding wireless applications.  

Thames Technology capitalises on fintech market with £3.9 million funding from Independent Growth Finance to support company transformation spearhead innovation.

Symetrica, the global leader in radiation detection and identification, has secured a further £3m of growth funding from existing investors to support its continued global expansion - bringing the total amount raised to £10m. The round was co-led by Parkwalk, the UK’s most active investor in university spin-outs, and Nesta and included follow on investments from Albion Investments, Technology Venture Partners and Tennants Ventures. 

Augnet, a London-based technology start-up set to revolutionise the SMS and messaging space, has announced it has been selected to receive much sought after funding from the European Innovation Council.