The funding was backed by the UK Innovation & Science Seed Fund, Oxford Innovation EIS Growth Fund, Oxford Innovation Finance's Angel Network, and the Defence and Security Accelerator.
"This new investment provides us with the funding to take our game changing technology to commercialisation, helping deliver the UK government’s semiconductor and technology strategy. Our Inertial sensors are already gaining strong industry interest globally with a major aerospace and defence contractor having already placed contracts. Our revolutionary gravity sensor will be commercialised later this year with the industry interest shown by our acceptance on to Europe’s largest infrastructure accelerator program and the award of funding from the Department for Business and Trade railway construction innovation competition. We are very excited for this next stage in SMG’s journey."
— Francis Neill, Chief Executive Officer and Director
The Oxford spinout secured £9.2m from new and existing backers to scale its smart hot water technology.
"Mixergy is launching a new integrated heat pump cylinder in the Spring, which uses our top-down heating technology, with a small heat pump attached to the cylinder. It will heat water 10x faster than conventional integrated heat pump cylinders (usable hot water in under 30 min), and connect to the grid."
The additional financing was backed by Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital, and Tirta Ventures.
"We are thrilled to have the support of such a diverse and experienced group of investors. This additional funding will enable us to continue the significant progress we have made off the back of our Series A and expedite the advancement of our cloud-based solutions for the metaverse. Our objective is to bridge physical and virtual worlds to improve decision-making, support the creator economy and, ultimately, enhance the quality of life in the real world. We believe that the metaverse’s true success and widespread adoption depend on the creators’ ability to build their own experiences at scale, using open and robust metaverse-as-a-service technologies."
The private equity firm backed Cezanne HR to implement a new growth plan and expand its market presence.
"NorthEdge have built an excellent reputation within the technology sector over the last five years so it was exciting for us to work with them on their most recent investment in Cezanne. I look forward to watching the business continue to grow and excel with this new partnership."
The London marketplace will use the new capital to scale its platform and expand beyond the capital.
"I could see first hand how time consuming, mistakes were made, and hosts were spending hours managing their booking system rather than dealing with the human aspect of their business."
