The investment round was led by Foresight Group and Williams Advanced Engineering to support international growth and manufacturing scale-up.
"Synaptec offers a truly disruptive technology that addresses a global problem. The experienced management team has already achieved a considerable amount of success over the past three years of development and we are delighted to have the opportunity to support the business as it scales."
Mercia led the Series A round to help the company expand its software and research teams.
"We are delighted to have secured this latest funding round, which demonstrates investors’ confidence in the potential of our technology. Authenticate is changing the way the food industry looks at supplier compliance. We live in an ever more transparent world and technology means that so much more information can be monitored in real time – reducing the burden on all parties, and delivering genuine insight into the way our food is grown and processed."
The financing round was backed by Kindred Capital, Moneysupermarket Group, and VentureFounders.
"With £11m of growth capital we are now well‐positioned to expand our business and provide more clients with a simple way to maximise the interest income on their cash and at the same time become an increasingly valuable funding partner to our banks."
Maven led the Series A round with participation from the North East Development Capital Fund, Growth Capital Ventures, and private backers.
"John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth."
The funding round was led by Active Partners to support international expansion and market share growth.
"We are in an exciting period of growth at TravelLocal and are thrilled to have secured this additional investment from Gresham House Ventures, alongside Active Partners."