The funding follows an earlier private round and values the custom bicycle maker at £3.7m.
"Cyclists these days know they can get more from their equipment if it’s designed around their body, for the specific riding they do. Our recent reviews prove we can compete on performance terms with any of the big brands. This new funding will help us shift more people away from mass-produced equipment in favour of a better bike with perfect fit, fabrication, and finishing designed for individual performance needs."
The funding round was led by Furthr VC to support job creation and global growth.
"We are delighted to receive this funding from our investors, who share our excitement for the future of Ronspot. The team at Furthr VC have been working closely with us, offering valuable advice as we prepare for a period of rapid global growth."
The UK-based co-living operator secured more than £5m to drive its expansion into key European markets.
"With properties already earmarked for our international pipeline, we have already turned our thoughts to series B fundraising round where we plan to bring in private equity firms and VCs who we are confident have grown their interest for the asset class."
The funding was led by The Conduit Impact Fund alongside participation from SIS Ventures, Equity Gap, Old College Capital and Scottish Enterprise.
"Our process is championing the circular economy and the investment we have secured will be transformational in helping MiAlgae scale quickly both locally and abroad."
