The investment was led by industry veteran Neil Utley and returning backer Praetura Ventures.
"We’re delighted to welcome Neil as an investor. He has a breadth of experience and knowledge to share from his 30 plus years of working in our industry at the highest level. In particular, his expertise in the motor insurance market will be invaluable in helping us to achieve our ambitions for Percayso Vehicle Intelligence. And we’re hugely proud that Praetura Ventures are continuing to support us. We’ve forged a fantastic relationship and in particular, I’d like to offer special thanks to Guy Weaver from their team who played a critical role in the Cazana acquisition."
The funding round was led by Ada Ventures and will support real-world trials of the company's materials discovery platform.
"At Magway, we are developing a ground-breaking method of transporting goods that is not only highly sustainable but also incredibly efficient. However, to achieve our goals, we understand the importance of optimising materials usage. By leveraging cutting-edge Materials Nexus technology, we aim to develop superior materials that will not only enhance our sustainability credentials but also result in cost reductions, ultimately driving wider adoption of our game-changing technology."
Blossom Capital has led a £17.2m investment in AutogenAI to support product development and international expansion.
"We build language engines that help organisations to write bids, tenders and proposals more efficiently and more effectively. Our technology augments human expertise by enhancing the power of bid writing teams. This is a clear example of AI being used for public good, reducing the cost of bidding and freeing up taxpayers’ money for the delivery of services. We’re looking forward to working closely with Blossom Capital to build on the progress we’ve achieved so far."
The pre-seed round was backed by investors including firstminute capital and Tuesday VC.
"Building my first startup straight out of university and scaling it to a team of over 500, I knew we had to become an effective learning organization. Yet I couldn’t find a simple way to equip our teams with the learning opportunities they needed to continuously grow their skills, learn more, and move faster."
The personal training platform raised £300k from angels and its community to support product development and hiring.
"At Another Round we want to break down the barriers for people to access personalised fitness, and to make trainers’ lives better. Personal training hasn’t really moved along as an industry since its inception and we’d like to have a huge positive change in this space. We’re excited about the next chapter in our journey and we’re proud to have the support of our investors in this round. With this funding we’ll be able to continue to grow our team, innovate and create new features for our members, and deliver game-changing solutions to enterprise clients."
