K1 has taken a stake in Board Intelligence to support global expansion and product development.
"While we have always been a profitable business and did not need capital, we partnered with K1 for their operational expertise in accelerating investments in AI and scaling companies globally through organic and inorganic growth. K1 has a history of building category leaders and we’re excited to leverage their experience to strengthen our position globally."
Guinness Ventures led the round, with additional backing from Scottish Enterprise, Growthdeck, The SideBySide Partnership, Equity Gap, and Virgin Money.
"This investment accelerates our mission to deliver game improvement technology to 60 million golfers around the world. Throughout 2024 we plan to invest in infrastructure across the USA to support our retail and distribution partners. Golfers globally love our GPS, rangefinder and shot-tracking technology, having sold products in 160 different countries worldwide in 2023. Golf has experienced a huge change in the past 5 years, people of all ages and demographics love the sport. With Shot Scope golfers can improve quickly and enjoy the game they love even more."
Accel led the seed round with participation from Picus Capital, Eka Ventures, and notable angels to fund team expansion and market growth.
"Karl and Archy have a wealth of experience in the energy sector, and their vision for rebuilding the grid in favour of renewable energy sources is truly exciting – and necessary. They’ve seen strong early traction, with their easy-to-use software platform already being used by major manufacturers. We’re proud to back Axle Energy as they continue this growth."
The funding round was led by the Development Bank of Wales alongside Carbon13 and angel investors.
"Energy costs have risen over 350% since 2021 and carbon emissions from buildings need to reduce by 50% by 2030 but almost 90% of non-domestic buildings don’t have a building management system. This lack of data is hindering the ability to reduce energy costs and carbon emissions."
The specialist running shop is using the new micro loan to increase floor area and stock inventory.
"I worked in IT for 20 years, during which time running and being active was a saviour for my mental health. I now want to help as many people as possible to reap the same benefits by removing barriers to running. That’s why we don’t just sell trainers and clothing, we give advice on all aspects of training and kit. We also run our own social running club and we have a Community Interest Company that raises funds to help people on their running journey with coaching and therapy when needed."