The funding round was led by The TRICAPITAL Syndicate to expand production and commercial reach.
"Beta Bugs has supplied its industry leading products to an increasing number of established and new entrant insect farmers in the UK and international markets. The company continues to develop its outstanding HiPer-Fly® breeding programme, which has demonstrated consistent increases in Black Soldier Fly genetic performance across multiple, economically valuable production traits."
Senzo Health has secured £1.4m in funding to further develop its Amplified Lateral Flow diagnostic technology.
"When a PCR test is able to pick something up early, we’re able to pick it up. Our limit of detection is somewhere between 1,000 and 10,000 times better than current lateral flow tests, much closer to PCR levels. What the market doesn’t need is another test that is just a screen on the front end … what we need are tests that are tests of record that can be acted on. That requires performance that is at the level of current central lab PCR tests,"
Northern Gritstone led the funding round, which will support the commercialisation of the company's carbon removal technology.
"There has never been a more critical time to take action – decisive action – against climate change than right now. This investment brings us one step closer to realising our mission of mitigating climate change by allowing our team to focus on scaling our technology. From our first meeting with Duncan and his team, we knew that our priorities and values are very much aligned so we’re very pleased to welcome Northern Gritstone as an investor. With their expertise in backing visionary companies in the North of England, I see a very bright future ahead of us."
CIBC Innovation Banking has backed the customer marketing platform to support product development and North American expansion.
"We are excited to be supporting Ometria at such an important stage of growth. The company has a tremendous opportunity ahead, thanks to the platform's leading-edge AI capabilities. The CIBC Innovation Banking team is looking forward to supporting Ometria in its continued growth journey."
— Thomas Dods, Director at CIBC Innovation Banking's European Office
BGF contributed £3m to the oversubscribed round as the digital mental health provider scales its operations.
"Kooth is a great example of a high-quality business with a proven business model, a significant recurring revenue stream, and now international growth potential. We have a strong conviction in the management team’s ability to execute the step-change in the scale of the business following the recent US contract win, which is a clear demonstration of Kooth’s credibility and expertise in its field. This is an exceptional achievement for a UK-based business that has purpose at its core, and we’re delighted to be playing a part in its continued expansion."