The funding round was led by Ada Ventures and will support real-world trials of the company's materials discovery platform.
"At Magway, we are developing a ground-breaking method of transporting goods that is not only highly sustainable but also incredibly efficient. However, to achieve our goals, we understand the importance of optimising materials usage. By leveraging cutting-edge Materials Nexus technology, we aim to develop superior materials that will not only enhance our sustainability credentials but also result in cost reductions, ultimately driving wider adoption of our game-changing technology."
The investment was led by Par Equity with backing from Blumberg Capital to fund international expansion and product development.
"I haven’t seen anyone else offering this level of product in this particular section of the market for a long time. Partful saves the product team and the engineers a lot of work."
The pre-seed round was backed by Boost VC, Sie Ventures, 7Percent Ventures, Blue Wire Capital, and angel investors.
"At Space DOTS, we are proposing an evolution to the legacy approach of testing and qualifying materials for space. We intend on becoming the trusted partner to space companies globally when it comes to in-orbit research and development and this funding will put us on the path towards doing just that."
The financing round includes backing from industry angels Chris Nelson and Julia Ross alongside institutional investors.
"The inploi team exhibited amazing agility in pivoting their model to providing software as a service, and is now partnered with a growing number of major blue-chip brands. inploi’s solution is perfectly positioned to address one of the biggest challenges facing companies today – attracting the people they need to operate effectively in an historically tight labour market – bringing the latest technology to an outdated market ripe for innovation. I am excited to have invested again to support them on their scaling journey."
