The Series A round was led by Stride VC and will support the company growth in the United States.
"Since launching Unibuddy, we’ve always tried to prove that any institution of any kind, size, private, public and community college, could adopt our platform,"
Episode 1 led the seed round to support technology development and expand the manufacturer marketplace.
"Current sourcing methods aren't fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core. Our vision is to help fashion and interior brands make products that don't have to cost the earth, and this funding from investors Episode 1 will help us to do just that."
The grant will fund the development of wireless charging platforms for light commercial vehicles.
"We are in the midst of an electric revolution, with many businesses, councils and individuals looking to make the transition to alternative fuelled vehicles"
The Daresbury firm will use the debt finance from FW Capital to upgrade its facilities, expand 3D printing capabilities and strengthen marketing.
"We’re at a really interesting point in the business where we’re ready to take the next step in our journey, exploring new customers, markets and developing new products. In order to do this we need to have the right infrastructure, people and marketing in place to ensure we can communicate our vision effectively and deliver our promise. This fantastic funding boost from FW Capital will undoubtedly help us achieve this."
Maven provided the seed investment through the Northern Powerhouse Investment Fund to support the creation of a virtual reality streaming prototype.
"It has been a pleasure to with Roderick and the team at Simul. They have extensive knowledge and expertise, which they have used to create yet another impressive product. I look forward to the developments 2019 will bring and I anticipate the success of the market launch."