The investment forms part of a £3.5m funding round directed by The FSE Group.
"We’re delighted to receive this investment from The FSE Group and the South West Investment Fund, which will help us accelerate development and expand deployment of our unique lidar-based methane detection systems. Our mission is to give operators the tools to detect and prevent methane emissions quickly, accurately and cost-effectively, helping to reduce one of the most harmful greenhouse gases and make real progress toward global net-zero goals."
The Series B round was co-led by Blume Equity and Morgan Stanley Investment Management to fund expansion into the United States.
"This partnership with Blume Equity and Morgan Stanley Investment Management’s 1GT validates our mission to transform how field work is captured, analysed, and acted upon. With this investment, we will expand our platform capabilities and geographic footprint, including the US, and continue building the world’s most comprehensive frontline work solutions that drive intelligent collaboration and value creation across the entire ecosystem and supply chain."
Molten Ventures led the Series A round with participation from Marathon Venture Capital to support team expansion and platform development.
"What impressed us most is the PolyModels Hub team’s blend of technical know-how and deep understanding of its customers’ real-world challenges. They’ve built a solution that delivers value in weeks, not years, and its rapid adoption by major pharma companies speaks volumes."
A consortium of high-profile property and data figures has acquired a 41% stake in the land acquisition technology platform.
"This is an exciting strategic milestone for the business that demonstrates proof of concept, where we are leveraging sophisticated technological solutions to unlock a deeply opaque land market. Our new investors recognise that as the AI landscape evolves, there is early mover advantage to be had by backing emerging companies applying it to a part of the real estate market that has always suffered from a lack of innovation."
Hudson Cove led the financing package, which comprises $75m in debt and $5m in equity.
"Having the right backer at the right time can fundamentally change someone's life and the trajectory of the business they've started. This funding round lets us scale payment-linked financing that repays at source and reaches more business owners who are too often overlooked by traditional lenders."
