Foresight Group and Williams Advanced Engineering have made a £2 million investment, as part of a £2.9 million growth round, into the disruptive technology business Synaptec Ltd. The Foresight Williams Technology EIS Fund led the round alongside £100,000 from the newly created Foresight Scottish Growth Fund financed by the Scottish Growth Scheme through a combination of Scottish Government funds and the European Regional Development Fund (ERDF), and £800,000 from existing shareholders, including The Scottish Investment Bank, the investment arm of Scottish Enterprise, Equity Gap and the University of Strathclyde.

Quotevine, a provider of SaaS solutions for the asset and automotive finance industries, has received £2.2 million in funding from private-equity firm, NVM. The UK based investors’ backing of Quotevine is validation of its mission to help asset and automotive finance companies modernise operations and create opportunities from disruptive technologies such as IoT and Artificial Intelligence.

Maven Capital Partners has led an investment, alongside existing shareholders Par Equity and the Scottish Investment Bank, in Edinburgh-based Symphonic Software Limited, a leading player in the Identity and Access Management market. The funding will be used to further scale the business, investing in sales and marketing resource, as well as product innovation, to ensure Symphonic continues to offer customers a best-of-breed solution in this important and growing market.

Par Equity, the Edinburgh-based multi-award-winning venture capital firm, has led investments totalling £3.2m in two Northern Irish software companies, Plotbox and Datactics.

The companies represent a growing collective of technology firms based in the country benefitting from consistent support for start-ups from the private and public sector. A study published last year by the Enterprise Research Centre showed that compared to the rest of the UK, a higher proportion of Northern Irish companies exceeded £1m turnover within three years.

Global fintech, The ID Co., has has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors.

The ID Co. helps businesses such as lenders to onboard their customers more efficiently. Its technology removes the friction caused during application processes by the current challenges of risk, fraud, compliance, and regulation.

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today announced a $20 million growth funding round with investment led by new investor, Smedvig Capital. MMC Ventures and other existing investors participated. 

Investment from European funds into the UK’s thriving tech ecosystem reached a record high of £1.89bn in 2018 (up from just £1.66bn in 2017), according to a new report published by leading law firm Penningtons Manches.

How and what we eat in restaurants or on-the-go is changing thanks to new robotics startup Karakuri and its £7 million seed investment, led by Ocado.  With growing demand for personalised nutrition as part of a healthy lifestyle, Karakuri uses the latest innovation in robotics, machine learning, optics and sensors to allow restaurants and food retailers to offer personalised, freshly prepared, high quality meals, which maximise nutritional benefits and minimise food waste.

Cherwell Software a global leader in service management, has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1million research and development (R&D) grant from Scottish Enterprise.

The funding forms part of an overall £22 million investment from Cherwell, £8.9 million of which has been allocated to Scotland, to develop new and cutting-edge technologies at its Dundee R&D facility to allow businesses of all types to automate services across their enterprises, driving efficiency and productivity.

Biotangents, a Scottish medical diagnostics business, has secured £1.5m of new investment following the completion of a second fundraising round.

Insurance startup, Urban Jungle has announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group.

A Nottingham company which has developed a new platform to help pharmaceutical firms manage clinical trials more effectively has raised almost £1m from investors to help it launch its product worldwide.