EGYM, a leading global fitness technology developer, has received 41 million US dollars in a Series E financing round from Mayfair Equity Partners, a leading tech and consumer growth investor. Following the investment, Mayfair Equity Partners will own a minority stake, along with existing investors HPE Growth, Highland Capital Europe, Kreos, and others. Additional financial details have not been disclosed. 

Tech Nation, the UK’s leading growth platform for tech scaleups, has announced 32 climate tech companies who have been accepted into Net Zero 2.0 - the second iteration of the Net Zero programme.

Net Zero 2.0 is the first government-backed programme designed to support the most promising climate tech companies to accelerate the UK’s path to net zero. This year’s successful companies were assessed by 40 judges across key industries. These included climate specialists, investors and senior representatives from companies such as Google, National Grid, Sky Ocean, Bulb and B Corp, including Hayden Wood, CEO and Founder at Bulb, Azeem Azhar, Founder of the Exponential View, and Pippa Gawley, Founder & Director of Zero Carbon Capital. 

Companies were judged based on their scalability and potential to help the UK reach its high-priority net zero goal. The chosen companies are actively decarbonising key sectors across energy and electricity, transport, buildings and cities, and agriculture. Carbon removals and space-tech are two emerging focus areas this year in the race to zero.

Belfast-based livestock monitoring technology company, CattleEye, has completed a $2.5m seed investment. The funding round was a syndicate led by Techstart Ventures and including Paris based VC Seventure Partners and Turntide Technologies, a Silicon Valley venture backed by Amazon.  CattleEye uses Machine Vision Artificial Intelligence which provides automatic inspections and analysis for machinery.

Doccla, the healthtech startup pioneering virtual ward technology to ease pressure on hospitals, has secured £2.4m in an oversubscribed seed round, led by Giant Ventures, the leading purpose-driven venture firm, and early-stage technology VC, Speedinvest. Doccla is reimagining hospital care using innovative remote medical monitoring to deliver safe, effective care from the home. The investment will supercharge the startup’s ambition to make virtual hospitals a core part of modern healthcare.

Ionoptika Ltd and the University of Surrey have been awarded project grants worth a total of £425,000.00 from Innovate UK, 

Crypta Labs has completed its SPRINT (SPace Research and Innovation Network for Technology)-funded project, in collaboration with the University of Southampton. The company has developed a Quantum Random Number Generator (QRNG) for space that will facilitate quantum secure encryption of satellite data.

A platform that helps parents and students to find online tutors has raised a further £3 million investment amidst a boom in business following the pandemic.  Tutorful has secured funding from Mercia’s Northern Venture Capital Trust (VCT) funds and NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. 

PassFort, the SaaS RegTech provider whose platform automates financial crime and compliance processes, today announced the close of its Series A funding, which gives the firm access to $16.2 million. The money will be used to realise PassFort’s global growth plans and its ambition to be the category leader in compliance automation for regulated businesses.

London-based llluma Technology, a contextual advertising company which uses AI to expand online campaigns by reacting to live browsing behaviour, has secured a £1.1m Series A investment from Blackfinch Ventures.

Founded in 2016 by leading data scientists and media experts, Illuma’s GDPR- compliant platform offers an alternative to cookie-based targeting which results in a better return on investment for advertisers.

Fintech infrastructure platform Integrated Finance has raised £2 million in Seed funding. The round was led by Octopus Ventures, one of Europe’s most active early-stage VCs, with participation from 500 Start-Ups, SuperSeed Ventures, and prominent Angels Chris Adelsbach, Srin Madipalli, and John Erdimansinga.

The Integrated Finance platform gives fintech companies and financial institutions of all sizes access to the same financial infrastructure used by the world’s largest companies. The infrastructure APIs that Integrate Finance provides help developers at fintech startups and big banks alike build embedded financial services at greatly reduced speeds, enabling them to drive far more value from their existing technology, and their customer base.

Southwark based technology platform business, Landmrk, has received a £225,000 loan from the Greater London Investment Fund via The FSE Group. The loan is backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

A company whose software helps hospitality businesses to boost sales has raised £500,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF).