The funding will support growth among UK small businesses and product development.
"This investment from Gresham House Ventures is a vote of confidence in our goal of bringing better pension solutions to businesses and savers and will enable us to further enhance our digital offering. Gresham House Ventures has a fantastic track record of supporting fast-growing businesses like ours so we are confident this investment will enable us to accelerate our recent momentum."
The oversubscribed round was led by Stolt Ventures with backing from Scottish Enterprise and Aqua-Spark.
"Our customer is at the heart of everything we do, and this investment allows us to meet the needs of farmers globally by expanding our portfolio, hiring top talent, and deepening our data capabilities. Having the backing of Stolt Ventures represents a pivotal moment in Ace Aquatec’s mission to revolutionise the aquaculture industry through welfare-first innovation, while providing vital employment opportunities. Stolt Ventures represents the perfect strategic fit given Stolt-Nielsen’s leading position in Stolt Sea Farm. This investment, alongside Scotland’s national development agency Scottish Enterprise, will ensure strong local support for the team which has drive, innovation and ambition to be a global player. Our incoming investors complement our existing shareholder group, particularly Aqua-Spark, who continue to provide long-term support for the business"
The funding round was backed by investors including The FSE Group, Oxford Innovation Finance, Syndicate Rooms and Cambridge Angels.
"The biodiversity collapse is one of the top global risks identified by the World Economic Forum, with over half of the world’s GDP relying on nature. Our technology addresses the urgent need for accurate, scalable, and unbiased biodiversity monitoring around the world. This investment will enable us to enhance our platform and expand our reach, helping industries and government bodies make informed decisions backed by solid data."
Fuel Ventures led the investment round, which also saw participation from Active Partners and angel investors.
"The fragmented nature of the construction industry creates a frustrating trading environment for both customers and suppliers alike. Faced with an uncertain economic climate and ambitious government targets, maximising efficiency in the procurement process has never been more important. We are thrilled to be working with Active Partners, who bring a wealth of consumer-side experience, as well as Tom and James, whose expertise will play a pivotal role as we take this exciting next step in our journey."