The financing round includes contributions from Deepbridge Capital, Scottish Enterprise, SIS Ventures, Thairm Bio, and the University of Strathclyde to support clinical trials and commercial expansion.
"Our mission at Microplate Dx is to improve the quality of lives for patients by providing antimicrobial stewardship cost-effectively. Any delay in identifying the correct antibiotic for treatment can put lives at risks and huge pressure on clinical decision making, especially when the antibiotic sensitivity data that Microplate Dx can produce in an hour or less compared to the current approach that can take two days using existing techniques."
The seed round was led by Insurtech Gateway with participation from One Planet Capital, the University of Surrey, and angel investors.
"We are thrilled to have secured this significant funding round, led by Insurtech Gateway. This investment not only validates the tremendous potential of Renew Risk, but it also propels us forward on our mission to help improve the financial processes key for the transition to green energy. With this support, we are now poised to accelerate our product development, expand our market reach, and continue driving innovation in the industry. We are grateful to our esteemed consortium of investors for their trust and belief in our vision and we are excited about the transformative impact we will make in the insurance industry."
The London-headquartered climate fintech company raised the capital to expand its team, enhance its risk engine, and grow its carbon project offerings.
"To achieve their net zero commitments, an increasing number of corporates are seizing control by directly financing the carbon projects underlying the carbon credits,"
The seed round was led by IQ Capital and Lakestar to commercialise the Lancaster University spin-out's enterprise security software for artificial intelligence.
"Currently, Mindgard is deployed by key intelligence organisations around the world to assess, detect, and respond to AI issues and attacks as they happen. With this seed funding, Mindgard now becomes available to enterprises that need to protect their operations against the rapidly-evolving AI threat landscape. We are defining and driving the security for AI space, and believe that Mindgard will quickly become a must-have for any enterprise with AI assets."
The seed round was led by Index Ventures and Chalfen Ventures.
"We want to reduce the pain involved with bringing physical products to market. Currently, companies are spending up to 1% of their total revenue on making their products compliant through consultancy costs or the need for extensive internal teams which manually process documents. We’ve greatly accelerated the process by automating much of the data extraction. We’re starting with a laser focus on cosmetics, but our vision is to eventually enable any business to launch any product in any market."
