The Southampton radiation detection specialist secured £3m from existing backers to fund its US expansion.
"We are delighted to have secured this latest round of growth funding, which has demonstrated continued support from existing investors and will enable us to take full advantage of the global growth opportunities we are presented with. Our range of market leading radiation detection technologies provide real world solutions to real world challenges and expanding our operations in the US is a key tenet of our growth strategy."
Deepbridge Capital has backed Touch Biometrix in a Series A round to support the commercialisation of its fingerprint sensor technology.
"This new and substantial investment from Deepbridge will enable Touch Biometrix to build upon its development work with the aim of defining its first minimum viable product ahead of scaled product in early 2020."
The funding round includes backing from a Henley Business Angels member.
"We are extremely grateful for the support from Henley Business Angels at this stage of our development. The potential market for our QRNG technology could be trillions of connected devices given the need for portable, cost efficient, fast and robust hardware security that does not currently exist in the market today. This need will only become more pronounced with the emergence of 5G and further proliferation of IoT connected devices – driven by what we call the need for hardware security by default."
The indoor farming startup has raised undisclosed capital to support its expansion plans.
"Just Vertical has been received incredibly well generating over six figures in revenue over the last year while seeing steady growth in their recurring revenue line of business. At the same time, our growing technology has managed to save 2.6 million liters of water and eliminate 74 million miles of food transport. These dual benefits for business and the environment have been recognized globally, most recently with Just Vertical winning the People’s Choice Award at the World Future Energy Summit in Abu Dhabi, UAE."
Startup Funding Club led the £800k round with participation from multiple syndicates and funds to target the European market.
"We were ultimately impressed by the technology and the high quality team around Oliver Montague. There is a gap in the market for an affordable, easy to use eBike kit, and Swytch’s technology and its speed of innovation is the perfect match for SFC’s wider portfolio to invest in the future of urban mobility. We are very pleased to close this £800k investment round alongside our great co-investment partners."
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