CEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, has increased its participation in Modulous, a UK based company that exploits technology in a bid to modernise the design and construction of affordable housing, making the process more efficient, scalable, and relying on a strong network of supply chain partners. Modulous received its first investment from CEMEX Ventures in 2020 after winning the firm’s Construction Startup Competition.

DAPV Ltd, trading as Boulevard Online, a Worcester-based e-commerce business has secured a funding package of up to £600,000 to help build its software and expand its operations whilst creating new employment opportunities.

Solihull based RoadHow, an app designed to help drivers to become safer and more aware on the road, while potentially saving them money on their insurance, has secured £500k from Midlands Engine Investment Fund (MEIF) WM Equity Finance Fund, managed by venture capital firm Midven (part of the Future Planet Capital group).

The software platform and app, which has been in development for two years, can be used by motorists to test their driving knowledge and aid further learning. Insurers will be able to review and monitor the data collected and offer incentives or discounts on car insurance, adding a new set of data into the insurance pricing and underwriting decision making process.

BGF, the UK & Ireland’s most active growth capital investor, has completed a cornerstone investment in The Artisanal Spirits Company plc, a specialist retailer of premium single cask, single malt Scotch whisky and other spirits, as part of its admission to trading on AIM. The admission took place on 4 June 2021.

House of Insurtech has secured £400k in a seed round led by SFC Capital and supported by follow-on funding from its existing Angel investors. 

The funds will be used to build out the sales and marketing arm of the business and to onboard new customers from the direct and embedded insurance markets onto House of Insurtech’s Insurforce platform. 

YFM Equity Partners is continuing to support the growth of innovative Scottish software business Traveltek with a £1.3m investment from funds managed by YFM and co-investor FTI LLP.

Foresight Group has invested 3 million of growth capital into NorthWest EHealth Limited, providers of software and services to the clinical trials market.

Putting a sustainable spin on laundry, Oxwash, the UK-based startup backed by Twitter co-founder Biz Stone has raised £2.08m ($3M) in seed expansion investment, to clean up the traditional and environmentally costly washing and dry cleaning sector with its space-age technology.

Raising £5.2M ($7M) to date, the company founded in 2018 by ex-NASA scientist and Forbes’s Europe’s 30 under 30 alumni, Dr Kyle Grant and Oxford engineer Tom de Wilson, uses water-saving ozone technology to sterilize fabrics at lower temperatures, thermal and biodegradable chemical processes to achieve higher than medical-grade disinfection, dissolvable laundry bags, along with electric cargo bikes for hyper local pickups and deliveries.

Squire Patton Boggs continues to expand its Financial Services Practice Group with the appointment of Steven Ward 

GoStudent, the Vienna-based Ed-Tech scale-up which provides video-based online tutoring in 1-on-1 format, has hit unicorn status in less than 2.5 years since finding its current business model, following a successful Series C funding round of €205M. This comes just two months after the completion of GoStudent’s €70M Series B round. The Series C investment is led by DST Global with participation from additional new investors including SoftBank Vision Fund 2, Tencent, Dragoneer and existing investors Coatue, Left Lane Capital and DN Capital.

Navenio, the UK company that has pioneered indoor location-based artificial intelligence to revolutionise workflows and can double the throughput of hospital teams, has been successful in securing funding in the latest round of the Artificial Intelligence in Health and Care Award.

Foresight Group has made a £300,000 growth capital investment from the Midlands Engine Investment Fund (MEIF) into ReadyGo Diagnostics Limited, a start-up diagnostics business.