BGF committed a further £4.6m to support the accessibility software provider's growth strategy.
"This marks a significant step forward in our growth ambitions and is another positive milestone on our investment journey with BGF. In the last 12 months, our pioneering technology has supported more than 7 million users across Europe, the United States and Australia. Our ambition is to extend that reach – not only to accelerate our own growth, but to help millions more people to access online content around the world."
The London-based home fitness startup raised $5m in a round led by IW Capital to scale operations and expand into new markets.
"Magic AI serves the home fitness market with unique and proprietary AI fitness technology. The company has a loyal user base, a unique technology proposition, and an exciting roadmap ahead."
Centauri Therapeutics has secured £1m from PACE to develop its Alphamer technology targeting drug-resistant bacterial strains.
"We are pleased that Centauri’s project was selected to be funded in the first round of projects under PACE, in recognition of the value of this novel immunotherapeutic technology"
IW Capital led the seed investment round to help the fitness technology developer scale operations and expand into new markets.
"AI has evolved chatbots and image generation, but areas such as using it to train in health and wellness are yet to be disrupted. We are proud to have developed the largest exercise tracking detection software of its kind to lead this charge. We have changed the lives of 1,000s of customers over the last 18 months who have collectively logged 46,000 hours of personal training using our innovative AI Mirror and we plan to 5x this over the next year."
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