Kaelo Limited has secured a £350,000 growth loan from the Greater London Investment Fund (GLIF) which is managed by The FSE Group.  Kaelo Ltd are the pioneers behind the Kaelo, a unique new way to serve and enjoy perfectly chilled wine in the home, and the hospitality and marine markets.

Nottingham-based Far-UK, a specialist manufacturer of composite material-based products, has signed up to the national SPRINT business support programme. The programme will provide Far-UK with funded access to advanced numerical optimisation expertise from the University of Southampton to support the development of a new range of safer, more lightweight, composite structures for spacecraft.

The startup ecosystem will take a year or more to fully recover from the impact of the Covid-19 pandemic, with economic and political risk representing the biggest barrier to innovation in that time, according to new data from Kamet Ventures.

So far this year, Antler has invested in 58 startups across seven countries. The companies funded represent over twenty sectors, ranging from fintech and deep tech to food delivery and gaming. 43% of these companies have at least one female co-founder. This activity brings the total amount invested by Antler since launch to $25m.

Velox, the future of front office technology, has secured $2.5 million in strategic funding from ETFS Capital.  The investment will accelerate Velox’s growth plans, focused on further developing the core platform and increasing the firm’s distribution capabilities and client base in New York and London.

The Northern Powerhouse Investment Fund , delivered by British Business Bank, has made 66 investments in 47 York, North Yorkshire & East Riding based small growing businesses, with funding exceeding £23m in the region.

Epidarex Capital, a transatlantic life science venture firm, announces that it has closed Epidarex Capital III UK LP at £102.1 million. The Fund will build new life science companies based on world-class research and innovation from emerging hubs across the UK, including spinouts from highly regarded universities. Typical initial investments will range from £2 million to £5 million. 

An overwhelming majority (88%) of private equity investors plan to step up their efforts to manage and measure ESG performance in their portfolio companies 

Agamon, a healthcare AI startup, announced today a $3M seed round, led by MMC Ventures, with the participation of InHealth Ventures, Seedcamp, and Bayer G4A. Agamon is already working with leading U.S hospitals including Philadelphia-based Jefferson Health System, Detroit-based Henry Ford Health System, and other hospitals outside the US. Agamon plans to use the funding to scale their deployments with more hospitals globally and further train the AI and widen its clinical spectrum.

London-based VGC Partners is launching its £1m Technology Seed Fund IV, headed by Parminder Basran, which looks to invest in early stage, tech companies which are addressing corporate innovation challenges.

In the world of work, the effects of social measures that governments are being forced to take have proven to be incredibly challenging for businesses and employees. However, for many business leaders around the world, they are now starting to turn their attention to the potential long-term implications of the pandemic on the next era of work.

Trojan Energy, an Aberdeen-based green tech start-up, has secured a £4.1 million of seed funding. The funding round includes £1 million investment led by Equity Gap, SIS Ventures, Alba Equity and the Scottish Investment Bank. They also received a further £3.1 million from Innovate UK.

The funding will help Trojan Energy support the roll-out of its on-street flat and flush electric vehicle charging points, which aims to solve the issue for vehicle owners who do not have access to off-street parking.