Iksuda Therapeutics, the developer of a new generation of antibody drug conjugates (ADCs) with raised therapeutic index, has completed a US $47 million (circa GB £34 million) financing round, co-led by Mirae Asset Capital and its subsidiaries, Celltrion and Premier Partners, with the Company being advised by Ashfords LLP. The funding will support the advancement of Iksuda’s lead ADC assets and expansion of its payload and conjugation platform technologies.

Kavida.ai – a supply chain resiliency startup, founded in 2020, has secured £300,000 ($425,000) in pre seed capital from strategic investors. The company provides enterprises with decision intelligence tools to prevent and mitigate supply chain disruptions in a range of sectors including apparel, FMCG, food, retail and pharma.

Private equity house YFM Equity Partners (YFM), which has offices in London, Birmingham, Leeds and Manchester, is continuing to Invest in its team with the promotion of Adam Hart to investment director.

SENTZ, a new range of naturally fruitful British hard seltzers for people who want to live life guilt-free, has received investment from Henley Business Angels (HBA) members and guest investors.

Green Angel Syndicate, one of the largest active angel syndicates in the UK and the only one specialising in the fight against climate change, has made a new appointment to its Board of Directors. With immediate effect Christine Chisholm, who was previously Finance Manager, is promoted to Chief Financial Officer.

Christine will remain on the company’s executive committee responsible for the day to day operations of Green Angel Syndicate and has also joined the Investment Advisory Committee of the Green Angel Syndicate EIS Climate Change Fund. 

Clir Renewables (Clir), a company dedicated to maximizing project returns from renewable energy assets, has announced the closing of its CAD$27 million Series B funding round, which was co-led by Longbow Capital Inc. and ArcTern Ventures.

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, is to go public through a reverse merger with Virtuoso Acquisition Corp (VOSO.O) at an estimated $1.1billion pro forma equity value. Seneca Partners first invested in Wejo via its EIS portfolio service in 2016 and with further funding rounds to assist in the company’s continued  growth .  

Commenting ahead of World Environment day, Alessa Berg, founder and CEO of Top Tier Impact, comments on why we must encourage worldwide awareness and action from businesses now to protect our environment for the future:

Teemyco, the Swedish online office provider, has raised $3.2m from German seed fund 42CAP, who led the round with participation from previous investors Antler, Luminar Ventures and numerous high profile angel investors; Mehdi Ghissassi (Head of Product, DeepMind) and Sameer Singh (Creator of Breadcrumb.vc), who are investing via the 2021 Atomico Angel Programme, and Keith Richman (Co-Founder of Voi & Partner at 31 Atlantic).

The Danish robotics upstart, WeldingDroid, is adding Thomas Visti to its ownership group. Thomas Visti, who is sometimes referred to as the Danish ‘King of Robotics’ as he has been a crucial component to the success of the Danish robotics industry, said WeldingDroid has incredible earning potential across many industries. The welding robot will do tank and pipe welding jobs six times as fast as conventional systems.

CFOs across the UK warn that cashflow and overspending are the main barriers to their organisation's financial recovery.

Analysis by DSA Connect, an IT asset disposal company which specialises in the permanent de