Midven led the equity investment alongside the Growthdeck private investor network.
"We knew as soon as we heard about this process that it had tremendous value with huge potential demand. And we are really excited that after a short period establishing supply of raw materials, production methods and a demand pipeline, we are ready to launch this revolutionary product onto the global market."
YFM Equity Partners backs telecommunications consultancy e2E with £1.5m from its advised VCTs.
"We were attracted to this opportunity due to the strength of the long-established management team and the exciting, unique technology that they had developed over recent years. NEL Fund Managers introduced the deal and it was particularly pleasing to work with both them and local advisers to help bring this deal to completion. We look forward to helping this business to grow in the North East and Welwyn Garden City."
The Cambridge-based bioinformatics specialist has closed a £1m investment round backed by London Business Angels.
"Eagle Genomics which is now at scale up stage is commercialising an effective bioinformatics software solution that has the potential to improve the way in which new medicines and therapies are developed. This round of growth capital funding from existing and new angel investors leaves the company well positioned to accelerate its growth in this fast growing market."