Inotec AMD, a fast-growing medtech business that has developed an innovative device to heal and treat complex chronic wounds, has secured £7m in a funding round led by Praetura Ventures.  The business has developed Natrox, a cutting-edge product that uses pure humidified oxygen to treat a range of chronic wounds, from diabetic and venous ulcers to non-healing surgical wounds. Following several successful clinical trials, Inotec AMD is looking to expand its foothold in the US, Asia, the Middle East and Europe. The business currently provides products to the NHS and health providers in key markets including the US, Italy, Southeast Asia and the Middle East.

It’s no secret that the world’s oceans are rapidly becoming unrecognizable as the impact from human activity strips them of marine life. Over 85% of the world's oceans are said to be dying, with plastic pollution and excess chemicals playing a significant role.

British Patient Capital, a subsidiary of the British Business Bank, has committed $50m to Atomico’s fifth fund, as Atomico announces its final close today at $820m.

The Supply Register which is based in Stoke-on-Trent has secured a significant investment, 

Triple Point Investment Management has announced a £10m facility into WeFlex, a leading provider of vehicles to the Ride-Hailing market in the UK. Having worked with the team at Weflex for the past 5 years, Triple Point will back their growth and development in the UK. The funds will be used by WeFlex to further increase its operations across the country, expand its fleet of electric vehicles, as well as other hybrids to further support the green initiatives in the UK ride-hailing market.

Newly formed Manchester based property developer Northern Property Consortium (NPC) has embarked on its maiden project after agreeing a key short term finance deal worth £550,000 with leading independent SME funding specialist, One Stop Business Finance.

Leading marine and automotive insurtech Concirrus has announced that it has closed a $20 million Series B funding round led by AlbionVC.  The funding also includes participation from current investors IQ Capital, EOS Venture Partners and several angel investors.  The company has developed a behavioural-based underwriting platform called Quest which delivers portfolio management and predictive analytics using the latest advancements in big data aggregation, AI and machine learning. Adoption of the platform is changing the future of risk selection, pricing and claims throughout the value chain.

The Development Bank of Wales has invested £200,000 to support the leasehold purchase and refurbishment of the Costcutter store in Knighton, Powys.  

Online sales are driving rapid growth at a Bristol-based father and son beachwear business.  Tom & Teddy, a beachwear range offering matching attire for fathers and sons, was the brainchild of husband and wife team Jelle de Jong and Michelle L’Huillier. 

Inc & Co Group has acquired the operations of Laundrapp, the U.K.’s largest on-demand laundry service. Laundrapp provides a fast, efficient and premium laundry & dry cleaning service via their award-winning app - they collect, clean and deliver your items back to your door at a time that suits.

New research by SmallBusinessPrices.co.uk analyses how neobanks are on the rise and why they’re so popular amongst consumers compared to traditional banks.

Livingbridge investee company Brainlabs has made two investments in online marketing agency Distilled and US digital marketing specialist Hanapin, underlining its ambitious growth strategy.