ClinSpec Diagnostics, a university spin-out which has developed a way to detect cancer at an early stage using a simple blood test, has completed a £2.4m funding round led by Mercia’s EIS funds.

BGF is formally supporting The Diversity Project in its mission to accelerate progress in achieving a more inclusive culture in the investment and savings profession.

As businesses start to emerge from the coronavirus crisis, BGF recognises that it is time to intensify efforts to create inclusive cultures and that diverse perspectives are needed to deliver answers to complex issues faced by the industry.

Medefer, the b2b virtual healthcare provider that is reimagining the old-fashioned outpatient system, has announced a £10m funding round led by private investment firm Nickleby Capital. The growth funding will be used to invest in people and technology to service new contracts, enable new product development and ensure scalable and robust growth from its strong pipeline. The company, founded by NHS consultant Dr Bahman Nedjat-Shokouhi - who still works in the NHS - has been recognised as one of the top 100 most exciting digital health companies in the UK, by the DTI.   

Tech Nation, the growth platform for tech companies and leaders, has today announced the launch of the Fintech Pledge with support from HM Treasury (HMT) and the Fintech Delivery Panel, to accelerate the growth of the UK’s fintech sector by enabling enhanced collaboration between banks and leading fintech firms.

WestBridge has appointed Katherine Bond as investor relations director as the firm prepares the pre-marketing of its third fund.

She brings 20 years’ experience in the private equity sector, most recently as a consultant at Cadence Equity Partners and at Keyhaven Capital Partners, where she was a partner.

Three out of five business leaders worldwide (61%) predict growth over the next twelve months, according to a new study from Intertrust. 

E-commerce platform Moteefe has raised $11 million during their latest funding round.

The round was led by GBF with participation from existing investors, including Gresham House Ventures and Force Over Mass Capital.

A healthtech business with an app that helps patients communicate with clinicians remotely has raised a further £2m to help expand its use.

Advanced Digital Innovation (ADI) has raised funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, the UK government’s Future Fund and the company’s Chair and founder Bob Gomersall.

QuadSAT, a Danish company that is revolutionising test and measurement of satellite antennas, has closed a €2 million Pre-Series A Investment, the largest venture investment in a Danish drone tech company in history. The round was led by Seraphim Capital, the world’s first venture fund dedicated to SpaceTech, Vaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk.

Yotta Capital Partners, the first French private equity team dedicated to Industry 4.0, announces the completion of the first closing of the Yotta Smart Industry fund at €101 million at the end of July, exceeding its initial objective. The fund is now targeting a final amount in excess of €120 million. Yotta Smart Industry will focus on French industrial SMEs to assist them in their transition towards the 4^th Industrial Revolution megatrend, becoming more competitive, more international and more carbon efficient.

Finnish venture capital firm Superhero Capital has announced the first close of its second fund at €30M. The fund will make seed investments in Finland and the Baltics and aims to invest in 25 startups over the next 4 years. The fund will remain open for new investors until the end of 2020.

London Tech Week announces plans to definitively map the UK tech scene highlighting and promoting the best businesses, innovators and thinkers operating across the country.

Over the next 12 months, London Tech Week and UK Tech Cluster Group will explore the unique ecosystems and tech trends in every region of the UK. From space tech in the South West to cybersecurity in Northern Ireland, 12 Clusters of Tech charts the companies, sectors and case studies that make up the entire UK tech landscape.