The Edinburgh start-up has raised £150k in a round led by British Design Fund to expand its manufacturing capabilities.
"Rocketing fuel prices are plunging many households into fuel poverty, which highlights the need for easier, more affordable ways to reduce window heat loss. Our Gecko Panes provide provide an affordable and easy way to reduce heat loss and emissions from the UK’s poorly insultated housing stock. We aim to install Gecko Panes in thousands of homes per year, not just in the UK, but in key export markets too."
The seed round was co-led by Balderton Capital and Chalfen Ventures to support team growth and product development.
"There are swathes of businesses being completely left out and underserved when it comes to AI and automation, as large firms and tech teams continue to build tools that are out of reach of everyday people. Businesses and their customers deserve the same opportunities to reap the benefits of AI and automation as their bigger rivals. With Levity, we’re committed to opening up such opportunities and leveling the playing field for companies of all sizes."
The seed round was led by the UK Innovation & Science Seed Fund to support team expansion and product development.
"X-ray scanners are such a common technology that we don’t often think of them as an area for innovation. But the reality is that the addressable market is huge – far beyond the obvious medical applications, with X-ray equipment critical in a range of sectors from construction to manufacturing. Silveray’s technology could play a key role in bringing the world’s oldest imaging technology into the 21st century."
Solid Bond Capital backed the seed round to support software development and team expansion.
"By enabling online retailers to easily create product videos for all their items, we can support them in boosting sales and customer satisfaction. Fashion items tend to only have photos featured on the page, but video is much more persuasive. With our recent funding success, we are excited to increase access to quality product video creation so more retailers, both large and small, can enjoy the benefits it brings."
The London startup raised the capital from Octopus Ventures, MMC Ventures, Concept Ventures and several angel investors to expand its product suite and grow the team.
"This funding is a huge step forward for the Ribbon team. It enables us to grow the team, continue to expand our platform and streamline how product and user research is done. We want to empower companies to build great products by making it easy to make informed product decisions. Democratising access to product research through easy-to-use and powerful tooling plays an important part in that process."
