$40.0M
The funding round was backed by Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments following the company going private.
"production capacity and leadership team"
V
Velocys—England, UKCarbon Direct Capital + 3 others
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The latest funding rounds from the UK tech ecosystem. Updated 1 August 2026.
Announcements
186
Total raised
£18.1B
disclosed amounts
The funding round was backed by Carbon Direct Capital, Lightrock, GenZero, and Kibo Investments following the company going private.
"production capacity and leadership team"
Private equity firm Traditum has backed the healthcare software provider in its fourth funding round.
"The investment from Traditum is an endorsement of our mission to transform independent pharmacies through digitising the sector. Our goal is ultimately about providing better primary care for communities and enabling healthcare professionals to do so more effectively. With this backing we are positioned to expand our international reach as well as our capabilities to enhance the quality of care our customers can provide to patients."
The funding initiative was announced by Science Minister Andrew Griffith during a visit to Cerca Magnetics.
"As we steer towards an economy benefitting from quantum, this further £45 million in funding underscores our commitment to support bright UK innovators who are pushing boundaries and seizing the potential of this technology to transform our public services. The UK is already one global leader in quantum and to maintain that position this government will continue to invest in this transformational technology propelling the UK into a new era of technological prowess and economic growth."
LDC has acquired a stake in the Scottish IT services provider, facilitating an exit for BGF.
"Our business has achieved exceptional growth over the last few years. We've continued to invest in our technology and people, and brought a number of exciting, innovative companies into the group to expand the range of services and levels of expertise that we provide to our customers. The team at LDC have a great deal of hands-on experience in helping businesses like ours to grow through acquisition, making them the perfect partner as we expand our presence in Scotland and across the UK."

The funding round was led by Quilam Capital, MoreThan Capital, LC Nueva AIF, and Auluk Investments.
"This agreement helps us serve even more customers to manage their finances."
