Waterspring Ventures, an award-winning early-stage venture capital firm based in Wales, has made its first investment into Operati Limited, which has built the first Software as a Service (SaaS) estimating solution of its kind for the SME market.

Waterspring Ventures is investing £280k of its first tranche into the business. It has partnered with The Development Bank of Wales for the deal, which is investing £150k from the Technology Seed Fund, whilst the founders of Operati Limited have also invested £50k.

Clean Growth Fund, the UK clean tech venture capital fund, has led a £3.6m investment in Kamma, a UK property data and analytics business.  The investment will fund the expansion of Kamma’s market-leading property data engine that acquires, integrates and calibrates thousands of property data points in order to deliver optimal routes to achieve Net Zero in the UK property sector – both residential and commercial property.

Industrial heat pump startup Futraheat has secured £689,000 from Innovate UK to develop and deploy a commercial heat pump to deliver low CO₂, high temperature heat to industry.

Oxford Innovation Finance’s Angel Network (OION) has invested in the latest funding round for Albotherm, the climate tech company developing a temperature regulating coating for glass surfaces.

Using polymer chemistry that can switch between opaque and transparent, Albotherm has developed a low carbon cooling coating for glass surfaces. The reversible coating provides shade in high temperatures and allows sunlight through in lower temperatures. Its innovative technology has a significant impact as a net zero approach to temperature regulation, with the potential to replace energy intensive cooling systems.

Brighton-based startup funding group South East Angels has invested in Toolbox, a renovation-as-a-service tech start-up set to disrupt the UK's £25 billion bathroom renovation sector. With its innovative marketplace, logistics stack and embedded payments and finance system, Toolbox is revolutionising the way consumers approach bathroom renovations.

Oxi-Tech, a company that has developed ground-breaking, clean-in-place disinfectant technology using water and electricity, has received the largest investment from Henley Business Angels to date, contributing towards a funding round of £1m. Fourteen HBA members worked together as a syndicate, with member Damian Cavanagh leading the syndicate and coordinating with Paul Morris, CEO of Oxi-Tech.

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in Furlong Renewable Energy Developments (Furlong), with co-investment from IM2 Power and several angel investors.

ScaleUp Group client eflow Global has secured £7 million in capital, led by Finch Capital and supported by Atempo and ScaleUp Group Partners, alongside a group of HNW investors who invested on a minority basis.

Space DOTS, a startup developing miniaturised in-situ testing for advanced materials in any space environment, has secured $1.5m in pre-seed funding. The round features investment from US-based deeptech investor Boost VC, female-led Sie Ventures, 7Percent Ventures, Blue Wire Capital and angel investors Elaine Lau and Alex Ionescu. The business will use the funding to commercialise its solution for the global space industry, reducing the time and expense associated with bringing materials for space technologies to market.

Beep has created a unique digital campus card, allowing university students to gain door and facilities access around campus via a smartphone.

A new University of Birmingham spinout, Delta g, has raised £1.5 million in its pre-seed investment round to fast-track the commercial availability of its ground-breaking quantum technology gravity gradiometry sensors for mapping the underground space.

The funding round was led by Science Creates Ventures, with further investment from Quantum Exponential Group, Newable Ventures, Bristol Private Equity Club, as well as several angel investors, including Hitesh Thakrar and Howard Covington.

Huq Industries, the mobility intelligence company that provides highly-accurate data on footfall and visitor frequency to local councils, retail businesses and real estate developers, has secured £4 million in equity funding led by 24 Haymarket and alongside ACF Investors. The investment will be used to bolster Huq’s position as the foremost provider of mobility research in Europe and facilitate its expansion into new international markets.