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.  The Yorkshire-based company says the pandemic has boosted interest in its MyPathway app, which removes the need for appointment letters and calls, allowing patients to agree care plans with clinicians, who can then monitor their progress and receive feedback.

Turquoise, the London-based merchant bank specialising in energy, environment and efficiency, has announced its latest investment through Low Carbon Innovation Fund 2 (LCIF2) in Spark EV Technology.  The investment, worth £160,000, is part of an ongoing £530,000 funding round for Spark EV Technology. This will support the company’s automotive market growth, assist business development efforts into China and expand its reach to European and North American customers. Harnessing live data and machine learning, Spark’s AI-based software produces highly accurate, personalised range predictions for electric vehicles. 

Enigma Holdings has invested £500,000 seed funding in Crowd Network, a new audio-on-demand network in Manchester. Comedian and entrepreneur John Bishop has invested alongside Enigma and will be launching a podcast with Crowd in September. Enigma is an investment company focused in the areas of Health, Wellbeing, Sport, Learning, Community Programs and Social Housing. It was seed funded through a Family Investment Company and reinvests returns into growth capital and new projects 

Humatica, the leading private equity specialist advisor for portfolio organisational effectiveness, 

Reachdesk, a direct mail and corporate gifting software platform for B2B companies, has announced a $6 million funding round led by Five Elms Capital to further expand throughout the US, Europe and Asia Pacific. Reachdesk enables sales and marketing professionals to create, manage, scale and measure the ROI of their direct mail and gifting campaigns in one place by integrating offline channels to a company’s existing marketing tech stack. Reachdesk was founded in London by Alex Olley, Meelan Radia, Jay Radia and Alex Santos in 2018. The company is now headquartered in New York.

Private equity-backed soft drinks manufacturer Clearly Drinks is to invest in a new canning facility at its Sunderland headquarters following support from NorthEdge.  The multi-million-pound investment is set to provide state-of-the-art canning capabilities, designed by BW Integrated Systems, allowing Clearly Drinks to manufacture 160 million cans each year. This will enhance Clearly Drinks’ product offering and packaging flexibility, allowing it to widen its customer base which currently includes Tesco, Sainsbury’s, Booker and One Stop. 

Moteefe, the ecommerce platform providing infrastructure, customisation and global fulfilment for retailers of all sizes, has successfully completed an $11M funding round. New investor BGF led the round with participation from existing investors including Gresham House Ventures and Force Over Mass Capital. 

A key stage in the commercial development of quantum computers has been reached with the successful UK trial of a high-performance, universal operating system.

Intertrust, a global leader in providing tech-enabled fund and corporate solutions, 

Half of companies do not have adequate cybersecurity provision to allow for 100% remote working.  And whilst 58% of tech hiring managers list info-security as their most required skillset right now – only 10% of tech professionals in the UK possess the right skills to help plug the gap.

In November last year, Porky Whites, a premium British sausage brand that had been running since 1935, was at the brink of collapse. Independent Growth Finance (IGF) provided £750,000 of funding to the company after Porky Whites had been let down by its bank. This ensured that the family-owned business was in a position not only to survive, but to thrive.  IGF provides asset-based lending, which allows businesses to draw on the value of their own machinery, property and stock. 

Leading online investment platform, Seedrs has announced the next evolution of its secondary offering. Opening up its popular secondary market platform to all private businesses, allowing founders, employees and early investors to realise secondary liquidity without having to wait for an IPO or exit event.