The oversubscribed financing round was funded entirely by the company's existing investor base.
"The decision by our existing shareholders to reinvest, and to do so at a level that exceeded our target, speaks directly to their confidence in what PlaqueTec’s data is revealing about cardiovascular disease. We are building something genuinely differentiated: a high-resolution, intracoronary data asset that is poised to underpin the next generation of cardiovascular therapeutics. This round validates that strategy and gives us the runway to prove it."
The British Business Bank and the Sovereign AI Fund have backed the artificial intelligence developer in a record-setting seed round.
"David Silver is a generational talent who has consistently been on the cutting edge of AI development. Ineffable Intelligence has the potential to produce a paradigm shift in our scientific and technology landscape, and we are incredibly excited to be supporting him and his team in this endeavour."
— Charlotte Lawrence, Managing Director of Direct Equity
The financing round was led by AlbionVC with ongoing backing from Outward and Form Ventures.
"The market demand for Firenze’s solution has exceeded our expectations and as a result our vision has got more and more ambitious. We, therefore, felt now was the right time to take on further capital to accelerate our plans. When seeking a partner to work with for this next phase of growth Jay and Albion stood out."
The Manchester startup raised the capital from River Capital and a syndicate of investors to expand its recruitment platform.
"Urfuture is uniquely positioned to bridge this gap, providing a scalable and engaging solution that empowers young people to explore entry-level roles, apprenticeships, and longer-term career pathways"
