The University of Southampton spinout secured Series A backing from IQ Capital, Bloc Ventures, and the IP Group to scale its operations.
"From gaming and VR to automated robotic manufacturing lines and telemedicine, the use cases on the road to 5G appear almost limitless. But a critical roadblock remains – latency. For more than 15 years a research team led by Prof. Maunder, first at the University of Southampton and now at AccelerComm, has been working to solve the challenge to deliver on the 5G promise of a low latency, high throughput experience. We are delighted to have closed our Series A funding round, which will help us further develop and deploy our already market leading technology to help improve the efficiency of networks for many years to come."
The Series A round was led by Balderton Capital to accelerate domestic growth and support international expansion.
"These are challenging times for anyone working in hospitality and income diversification is a powerful tool to boost revenues. I’m thrilled that venues from pubs, restaurants and hotels to casinos and supermarkets are embracing the delivery first era, by firing up their kitchens with Kbox."
Warwick Capital Partners led the follow-on investment as the business bank launched a separate £100m funding round to meet surging demand.
"Established small and medium sized enterprises (SMEs) will be vital to the recovery and health of the UK economy, but it is clear that the supply of finance has been very badly damaged by Covid-19 outside of the government schemes.The time is now for Allica to scale up its operations to meet this business funding gap, bringing a blend of human relationships, deep lending expertise, and digital disruption. Together with potential acquisition opportunities of non bank lenders impacted by the pandemic, we intend to create the leading SME challenger bank for the decade ahead."
The financing round was led by At One Ventures, Airbus Ventures, Future Positive Capital, and Lowercarbon Capital to fund global expansion.
"By now, we have all recognized the urgency of climate change and the impact of global land degradation—from frequent flooding, costly wildfires, deforestation and the loss of biodiversity devastating ecosystems across the world. We need hands across all industries to fight back if we are going to make a dent on climate change and it starts with restoring our degraded ecosystems and lands,"
Ananda Impact Ventures and 24Haymarket led the Series A round to support product expansion and team growth.
"The team at DrDoctor have never been busier as we work to help our NHS Trusts break the backlog in care that has been created by the havoc of Covid-19. Having the backing of Ananda Impact Ventures and 24Haymarket will help us meet the tremendous demand that now exists for our services as care and patient communication goes digital. We are delighted to have their support."
