Origin Capital has announced that it led a syndicate supporting Echion Technologies in its recent £1.5m round to fund its development of advanced lithium-ion batteries.  Echion is a Cambridge University spin-out that is working to produce batteries that will charge at an order of magnitude faster rate as compared to conventional technology, without compromising energy density, safety, cost, ease of manufacture or durability.

Thermetrix Ltd has secured £500,000 investment for their latest venture to support the development of a diabetic footcare system.  The funding includes £200,000 seed investment from the Development Bank of Wales as well as business angels and corporate support.

The equity investment, which has come from the Wales Technology Seed Fund, will also back the launch of Podium, for both home and professional use, working with nursing homes, podiatrists and other medical professionals.

Established in 2018, Thermetrix, based in Abercynon is working with a team of experts to produce Podium, giving people with diabetes an easy and fast way to check the soles of their feet and seek earlier intervention from their healthcare team to prevent further complications. Using thermal imaging technology, the system can be used to take a daily image of their feet which can then be shared with their podiatrist or GP through a cloud-based dashboard app.

Port Talbot headquartered Vizolution will be expanding in North America and South America following a recent round of funding.

The Development Bank of Wales has confirmed a £200,000 investment in Dafen based DRL Partitions Limited, a new manufacturing business specialising in movable wall systems.

Established by Managing Director Dennis Lewis, DRL manufactures sliding folding walls, expanding walls, operable walls and glass partitions for the education, health, leisure, community and commercial markets. Opportunities in the Middle East and India mean that the business is already exporting around 10% of products with this figure set to grow to 40% within the next two years.

W2, a provider of SaaS, B2B software solutions and services has today announced it has completed a £3 million Series A round of financing with investment from investors Mercia Technologies PLC and the Development Bank of Wales.  

This substantial funding builds on an exceptional year for W2 which saw a rapidly growing list of clients, key employee appointments and market momentum in target sectors such as emerging payments, betting and gaming.

This funding will help W2 to further expand its sales and marketing efforts as well as broaden and accelerate product development and extend its global reach.

Experience and interact with the latest developments in robotics technology at this year's VCT & EIS Investor Forum on the 30th November in London.  At our 'Invested Investor EXPO' at the Forum we will be showcasing six companies, backed by specialists robotics investors Britbots, who are at the forefront of the UKs robotics sector.  

The Riverside Company has signed a definitive agreement to sell its investment in Euromed Botanicals S.A. to Dermapharm Holding SE. Barcelona-based Euromed provides standardized herbal extracts and natural active substances for the pharmaceutical, dietary supplement and cosmetic industries. The transaction is expected to close in the next few months upon receipt of antitrust approval. 

Gohenry, the company behind the gohenry financial tool which is enabling a generation of kids and teens to take part in the digital economy and learn about money, has successfully raised £6.2m via Crowdcube, the world’s first and largest equity crowdfunding platform. The funds raised will be invested in products and marketing, as well as expanding gohenry’s operations in the US.

Gohenry’s raise on Crowdcube launched in September with a target of £2m, which it has exceeded by 3x. Over 3,000 investors have taken part in the raise, which is gohenry’s third on Crowdcube. Gohenry’s previous raises on Crowdcube were in 2016 and 2017, and the total amount gohenry has raised on the platform now stands at over £10m. This latest raise makes gohenry one of the first companies to take advantage of the newly-raised prospectus threshold – previously regulations permitted companies only to raise up to €5m without issuing a prospectus, but in July this figure rose to €8m.

The Development Bank of Wales’ latest fund, the Wales Angel Co-investment Fund, will provide its first £90,000 of match funding to a syndicate of five business angels investing in Drone Evolution.

Lead investor, Andrew Diplock is former MD of UES Energy, a company formed in Caerphilly which he grew to a successful exit in late 2015. Andrew invests solely in Welsh rooted businesses and is also a member of the Welsh Government’s Valleys Taskforce in addition to being a Governor at Coleg y Cymoedd.

Cardiff-based online learning platform, Careercake, has secured over £300,000 in its latest funding round. The round has been led by existing investor the Development Bank of Wales, with additional funding from a consortium of angels including Sunnybarn Investments founded by entrepreneur Phil Buck.

Careercake aims to help organisations who want to help their staff build confidence in their careers and the challenges they may face in their working lives.

Following a year of steady growth that includes working with over 70 of Wales’ largest brands, Business News Wales has announced new investment from The Development Bank.

Led by Managing Director, Mark Powney, Business News Wales has secured a six figure investment to enable the business to recruit a new editor, sales team and expand on the services it currently offers to clients, including the ability to provide a new add-on product suite.

The deal was put together by Verde Corporate Finance (finance) and Greenaway Scott (legal). Both advisory businesses are part of the multi-discipline Greenaway Scott Group.

Angel Investor and Real World Group Chair Rachel Hannan has made the list of 100 progressive business leaders.