The funding comes from the UK government Space Clusters and Infrastructure Fund to scale production at Harwell and Space Park Leicester.
"The UK is a pioneer in many areas of the global space ecosystem and it is initiatives like this from the UK Space Agency and the SCIF which enables its pioneering ecosystem to continue to grow. This funding will accelerate our mission to democratise access to critical space infrastructure by allowing faster integration of bigger payloads onboard our satellites."
The seed round was co-led by Project A and Prologis Ventures to fund nationwide expansion.
"In Asia, delivery companies were built specifically for e-commerce – in Europe and the US, it was the exact opposite, with delivery companies built for a pre-internet world,"
The funding round was managed by Mercia Ventures and will support lab relocation and team expansion.
"Formulation development is one of the big challenges faced by our customers and because of the limitations of current laboratory models, a lot of testing is done in animals. Apart from ethical issues, this is expensive, time-consuming and the results are often not replicated in human trials. Our unique model simulates the processes of digestion and absorption in a single lab system, giving customers vital data on how their formulations perform early in the development process and without the need for animal testing. We are excited to secure backing from Mercia and the NEVF to support our mission to make Aelius Biotech a trusted global leader in this field."
The Suffolk drinks producer has raised capital to scale its non-alcoholic spirits business.
"Anglia Capital Group is excited to invest in Crossip, a company that is reshaping the landscape of non-alcoholic spirits. Crossip have shown a dedication to quality and innovation and we’re excited to be part of their journey."
