The funding round was led by Mercia Ventures via the Midlands Engine Investment Fund II alongside Sure Valley Ventures.
"Purple Transform’s mission is to unlock the full potential of technology to enhance safety, security, efficiency, and overall human well-being. Having successfully deployed our technology in rail, which is a highly complex environment, we’re looking forward to expanding into critical national infrastructure, ports, and manufacturing among other new areas."
Symvan Capital led the seed round to support the firm in scaling its team and accelerating product development.
"Symvan Capital and the University of Strathclyde's decision to invest in PropEco underscores the growing importance of integrating environmental and social factors into financial and property decisions."
The seed round was led by Lightspeed Faction with participation from Blockchain Coinvestors and Chris Adelsbach.
"Everything we do at LO:TECH is built on top of great trading infrastructure. This investment from Faction – a team known for backing disruptive, entrepreneurial teams – is validation of our vision and will allow us to push forward building innovative trading technology and services."
The hemp beverage brand has raised six figures from former Dechra Pharmaceuticals CEO Ian Page.
"We’ve always believed in the potential of our products, and this investment will allow us to bring them to a much broader audience, particularly in the US. It’s an opportunity to build on our UK success and take it to the next level. We’re eager to embrace the opportunities ahead and make a lasting impact in new markets."