Clean Growth Fund backed the biotechnology spin-out as it prepares to scale commercial operations.
"The HydRegen Team is hugely excited to embark on the next stage of our journey and to add CGF’s considerable expertise in clean tech to our commercial strategy. This funding will speed up the development of our greener and less wasteful bio-based manufacturing technologies, allowing us to help chemical companies to reduce their environmental impact and carbon footprint whilst also reducing their costs. HydRegen’s vision is to become part of the ‘advanced manufacturing toolbox’ across the global chemical manufacturing industry, enabling companies to meet their Net Zero goals."
Singularity Capital has backed the London based digital wealth platform in its latest funding round.
"We are delighted to have Singularity Capital on board, as both a client and a valued investor. Interest in our wealth platform continues to grow and we are looking to build on our success to date, to capitalise on all opportunities to support family offices, HNWIs and wealth managers, in markets across the world."
The seed round was led by LocalGlobe and Earlybird and will be used to fuel expansion.
"We have seen many automations in the back-end, but the knowledge worker still sits for hours on the computer, doing repetitive and non-rewarding work"
The funding round was led by the Scottish National Investment Bank alongside participation from Par Equity, Orchard Venture Capital, and Scottish Enterprise.
"This is an enormous step forward as it will provide the funds necessary to execute significantly larger projects, which will in turn, grow the strength and diversity of our team."
Octopus Ventures led the seed financing, which will support team expansion and product development.
"Across my career, there’s been one theme – building technology that brings people together. From apps that helped promote events to ones that found you a date, the calendar has always been central but disconnected. Calendars live outside the conversations that drive them and weren’t designed for the social lives we live today. Onin is solving this problem. Our vision is to build a social world without fragmentation."
