The health technology company has closed a £8.7m Series B investment backed by high-profile angel investors.
"Low-cost, non-invasive technology for monitoring blood to a high standard is a holy grail that has profound, life-enhancing impact – whether you are monitoring metabolic health to improve athletic performance, or working to reverse the trend towards diabetes. I’m delighted to be working on developing such transformative products based on Zedsen’s novel non-invasive technology and being part of Zedsen’s amazing team."
The funding round was led by the UK Government Future Fund.
"The investment is a testament to the sustained impact we’ve made across schools and learning institutions. We have refined our services and are now poised to scale the offering. The UN has stated that the world will be 68 million teachers short by 2030. Without a qualified teacher in every classroom in every school, the quality of education for young people will diminish significantly. This will impact the poorest students first and foremost, furthering educational inequality."
The Newcastle-based utility platform has raised a follow-on investment led by DSW Ventures and Northstar Ventures to scale operations and enhance technology.
"We’re delighted to raise this follow-on round from our investors, our second investment in a challenging but very rewarding 12-month period. This is a huge vote of confidence in our business and reflects the incredible progress that the One Utility Bill team has achieved over the last 12 months. We’ll be using the funds to further accelerate our customer growth and invest in our technology."
FLEETCOR Technologies acquired a minority stake in the UK electric vehicle software platform.
"FLEETCOR is in the business of solving and simplifying complex payment and logistics problems for customers of all sizes, industries and locations with innovative products and services. The move to EVs is just the latest business challenge facing commercial fleets,"
— Alan King, Group President, Europe & Australasia
The company raised the capital to expand its technology, team, and commercial footprint.
"We are delighted to have this group of investors onboard for the next stage of our journey. The success we have achieved to date is a real testament to the incredible tenacity and resilience of the team and our customers. Even through the most difficult times, they have been an absolute force of optimism and willpower. 2020 was a difficult year, but seeing how everyone responded was truly inspiring, and I can’t say how grateful I am to be on this journey with them all. Now, we are looking forward to helping ever more experience businesses thrive and grow together with us."
