The funding package from the Development Bank of Wales and Visit Wales supports the hotel in achieving a four-star standard.
"With ten bedrooms and a 90-cover restaurant, the White Lion has always been a busy spot in Machynlleth which is popular with locals and tourists alike. During the second lockdown the White Lion varied its license and now opens from 8am for food and drink, with hot food served from 8am until 9pm seven-days a week, 364 days a year."
The pre-seed round was led by Techstart Ventures and Ascension VC to support platform development and hiring.
"There are some 20,000 speech therapists in the UK with 5,000 in private practice and 15,000 in the NHS, many of whom are keen to take on part-time private work. If we can unlock this pool of talent, it goes some way towards alleviating the problem and helping parents to get an assessment within days not years"
Concept Ventures led the pre-seed investment round to help scale the London-based team and accelerate product features.
"Mainstream generative image platforms can be really impressive, but they simply aren’t fit for purpose when it comes to a sector like architecture and design. In our industry, detail and precision is everything. Gendo has been designed specifically for these professionals; we’ve built an AI platform that speeds up design work and allows creativity to flourish."
The oversubscribed round saw backing from investors including André Hoffmann and Oxford Science Enterprises to expand environmental reporting tools.
"It has been truly exciting to see the level of investor interest in our company, particularly in a less-than-optimal fundraising environment globally,"
The pre-seed round was led by Bijan Morvaridi to support product development and regulatory engagement.
"Having worked in the restaurant business for years, I know how important personal service is. OpenFi’s technology is the first AI application I’ve experienced that felt human and personal, that’s why I am backing the company."