The University of Sheffield spinout raised the capital from an international syndicate led by Northern Gritstone to scale its continuous-flow assembly process.
"This investment allows us to expand our team and demonstrate our unique technology on a commercial coating system, enabling partnership and evaluation by display manufacturing partners. We are proud to have a fantastic international consortium of complementary investors led by Northern Gritstone supporting our international ambitions to enable huge new market opportunities for microLED"
The London startup secured $25m from backers including eBay and Andreessen Horowitz to automate secondhand fashion logistics.
"Most people have no idea what happens to a piece of clothing after they part with it. It travels thousands of miles, gets sorted by hand in a warehouse in Karachi, and finds its way back to a vintage shop in London or New York, if it’s lucky. We started Fleek because that system is broken, the market it serves is exploding, and nobody is building the technology and infrastructure to fix it,"
The funding round was led by Guinness Ventures with backing from Beringea, SFC Capital, and angel investors, and will be used for sales, marketing, and team expansion.
"It’s not great being the person doing the onboarding, but equally not great being the person going through the onboarding"
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
-20webclip.png)
.png)
