The investment round was led by 24Haymarket to support the company's growth plans and product expansion.
"This new investment is testament to what we have achieved so far at Hypetex and I’m excited about the future with Neil and Nick involved at the core of the company. The composites market is growing at a rapid pace and we are well-positioned to accelerate the use of our coloured advanced materials and be a key part of that as we develop exciting new product streams for the sector."
The Westly Group led the Series B round, which will fund international expansion, particularly in North America.
"In times of growing supply chain uncertainty, Circulor’s technology helps provide visibility and ESG analytics into complex supply chains to help companies make better business decisions,"
The Series B round was led by Autodesk with backing from Lockheed Martin and British Patient Capital.
"When people think of manufacturing, they tend to think of robotic car factories, and don’t realise that the industry is dominated by craft processes reliant on dwindling expert knowledge. This makes it incredibly complex to get things made, stifling the pace of innovation,"
The funding round was backed by investors including Green Angel Syndicate and Beiersdorf.
"We are thrilled to have secured further funding from such a great consortium of companies. The collaboration will play an integral part in helping the next phase of our growth journey as we see the demand for Eco-Valve continue to rise. Moreover, the partnership also demonstrates a strong shared commitment to supporting the environment too. And it is by working together with all our stakeholders, we passionately believe we can not only support the aerosol industry but revolutionise it."
British Design Fund has backed the space services startup to support its affordable microgravity testing solutions.
"There are currently very few ways to conduct research when you’re developing a product for use in space. Of those that do exist, the cost is prohibitively high and waiting lists can be years long and access to SME’s is almost non-existent. We knew there had to be a solution, which is where the idea for Gravitilab was born."