Award-winning medtech firm, Glyconics© has secured £1.5million in an Enterprise Investment Scheme (EIS) funding round ahead of a series A round next year. The innovative diagnostics startup, with offices in Cambridge, Norwich and Basingstoke, raised well over the intended £850k in a raise led by investment platform Wealth Club and existing investors, Deepbridge Capital and Boundary Capital. Demand from Wealth Club private investors and angel investors pushed the total amount further to £1.5 million.

Pixie, a UK-based startup creating a simpler approach to practice management and workflow automation for small accounting and bookkeeping firms, has raised £2.25 million in a seed funding round led by Triple Point Ventures, with the participation of Seedcamp, MMC Ventures, and serial entrepreneurs and angel investors including Duane Jackson (Kashflow, Staffology), Will Neale and Chris Adelsbach.

Palatine has unveiled a major rebrand to reflect its leading position in driving and delivering sustainable business growth in the mid-market and its pioneering role in UK Impact investing, following a milestone year of investment and exit activity.

Seneca Partners, the specialist SME investment business based in the North West has announced that EIS portfolio company, Manchester-based Wejo Limited, a leader in connected vehicle data, has completed a reverse merger with Virtuoso Acquisition Corp (VOSO.O) and trading in the enlarged business commences today on Nasdaq.

British Business Investments has published its Annual Report and Accounts for 2020/21.

Charco Neurotech, a medical technology company that develops solutions for people with Parkinson’s, has raised $10m seed investment round, co-led by technology investors Amadeus Capital Partners and Parkwalk Advisors, and joined by University of Tokyo Edge Capital Partners (UTEC), MINT Venture Partners, and existing investors, including Crista Galli Ventures. The financing is the largest European seed round in 2021 and the sixth largest globally for healthtech devices, according to Pitchbook.

Charco is a multi-award winning, Imperial College spinout. Its first therapeutic device, CUE1, provides life-changing neuromodulation therapy.

Smart ink technology company seeking funding.  Find out more at https://www.fundingforentrepreneurs.co.uk/ 

Independent think-tank, 2° Investing Initiative (2DII), has launched its retail investment platform, MyFairMoney, which aims to provide transparent, impartial information for retail investors looking to marry their sustainability preferences with personal investment decisions. MyFairMoney becomes the only UK solution incorporating multi-data inputs into its analysis of the 3,000 funds on the platform whilst remaining 100% non-profit.

Stephan Gueorguiev, Investment Director at Foresight, looks at the opportunities available to investors in the cyber security sector.

Eskuta Limited has received a total of £1m worth of funding from The Midlands Engine Investment Fund (MEIF), West Mids Debt Finance Fund, managed by Maven Capital Partners, and backed by the Recovery Loan Scheme (RLS).  The business, which has headquarters in Nuneaton, had already received funding from MEIF to support the business’s ambitious growth plans, but has now received a second funding round of £500,000, bringing the total to £1m.  

Sleek.com, a leading platform providing incorporation and accounting services for SMEs and entrepreneurs, has announced a $14 million in Series A funding led by White Star Capital and Jungle Ventures, as it launches in the UK. This round brings the total capital raised by the company to $24M. Sleek will use the fresh funds to bolster tech and product development, hiring, and expand presence in existing markets and enter new ones.

Putting a sustainable spin on laundry, Oxwash, a UK-based startup backed by Twitter co-founder Biz Stone has raised £500,000 in equity investment through a public crowdfunder.