Calculus portfolio company, CloudTrade, has been acquired by Advanced, a leading provider of business software, delivering a 4x return to Calculus investors in just over 3 years. 

3DEO, whose new interactive 5D mapping platform that makes it easier to monitor and manage complex infrastructure has raised £750,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia.

3DEO’s system is already being used by BT on 5G projects and by ports and harbours to monitor and manage day to day operations. The cloud-based system combines data and information from diverse sources such as satellites, cameras, sensors and vehicle tracking, visualising it on a single screen to provide a live 5D model of the area.

The national SPRINT (Space Research and Innovation Network for Technology) business support programme has selected eight UK universities to join its new Associate Membership initiative.

The universities joining the SPRINT Associate Membership partner initiative include City, University of London; Durham University; Kingston University; University of Bristol; University of Exeter; University of Glasgow; University of Leeds and University of Strathclyde.

Materials Market, founded in November 2020 by Co-Founders Samuel Hunt and Andrew Haehn, has raised £1.5m to grow its digital building materials marketplace.  Materials Market’s creative solution to ease supply chain issues sparked the interest of seed venture capitalist fund, Fuel Ventures, who invested £1.5m in the new tech start-up in September 2021. Investing in the most ambitious technology companies, Fuel Ventures is a leading early/growth stage seed EIS Fund based in London, UK.

Angular Ventures has closed its second fund, and that David Peterson has joined founder Gil Dibner as the firm’s second full partner. With the $80M second fund, Angular will double down on its strategy of backing European and Israeli companies with their first check, at the earliest and riskiest stages. 

WatchMyCompetitor (WMC) has secured £2 million in an investment round through Blackfinch Ventures and Praetura Ventures. Blackfinch and Manchester-based Praetura Ventures have both committed £1m investment to the deal.

WMC’s platform enables organisations to automatically monitor competitors, clients, regulators and key partners. The innovative software uses the latest cutting-edge artificial intelligence technology, combined with data analysts’ input to track anything available online, including websites, social media, press and other sources. The service automatically identifies commercial changes such as new product launches, promotions, price changes and organisational changes.

Zouk Capital has committed an initial £30m investment to launch a new public EV charging company called Zest, supported by the Charging Infrastructure Investment Fund (CIIF). Zest intends to democratise EV ownership by rapidly filling the gaps in the UK’s maturing EV infrastructure.

Today’s EV infrastructure has evolved to serve early adopters, prioritising home driveway and rapid en-route charging. The Zest mission is to make the shift to EV a realistic option for everyone, by rapidly growing a network that makes fast charging available where people regularly park for more than 30 minutes, whether it is when shopping, at leisure or at work.

EquiTrace, a unique app for horses that combines identity, GPS and medical records data using a scanner, a microchip and a mobile phone, has signed an investment agreement with a syndicate of HBAN angel investors led by Brendan Nevin, CEO of Code Institute for 1million euros.  Enterprise Ireland will also be investing in the company, providing 250,000 euros.  EquiTrace will use the investment to grow the company, building a sales and development team as well as investing in marketing, and focus on global expansion.

Digital soccer coaching platform coachbetter has announced the close of its seed funding round, totaling nearly $1M. Investment came from the Swiss Founders Fund, TheVentureCity, and former professional soccer player, Remo Staubli. The capital will go toward developing new features, expanding the coachbetter team, and actioning the company's international strategy.

A new University of Birmingham spinout, Salinity Solutions, is partnering with the mineral exploration and mining industry with a compact, energy-efficient desalination system that can concentrate the salts in ground water to extract a mineral rich brine. 

The company will be field-testing the system with eco-technology company Cornish Lithium, which has secured agreements with the owners of mineral rights over a large area of the county of Cornwall. 

Method Grid, providers of an enterprise-level connected assurance platform for regulated sectors, including engineering-construction and consultancy, with plans to expand into new project-based sectors, have raised their third round of investment from a network of eleven private investors. Including new funding and conversion of loan into equity, Method Grid have received a total of roughly £1 million to fuel their expansion into new markets and development of their integrated platform capabilities.

Heydoc, an integrated clinical operating system and electronic health record (EHR), has closed a $8.3m Series A round led by Smedvig Capital with existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures also participating. This brings the total amount raised to date by Heydoc to $12m. The new funding will be used for further expansion in the UK healthcare market, where Heydoc is rapidly growing, and to expand its product offering to its existing and new clients.