£750K
The round was led by Elizabeth Gooch MBE on behalf of Minerva Business Angels with backing from Mercia Asset Management.
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The latest funding rounds from the UK tech ecosystem. Updated 30 October 2026.
Announcements
293
Total raised
£10.5B
disclosed amounts
The round was led by Elizabeth Gooch MBE on behalf of Minerva Business Angels with backing from Mercia Asset Management.
The company secured capital led by The FSE Group to scale its protective cycle wear business.
"It was a real pleasure to work with Chris and the team. Being a regular road cyclist myself, I could immediately see the appeal of ArmaUrto’s high-quality products that address a clear market gap. Road cycling is a ‘hot sector’ for investment and Cornwall is becoming known as a popular location for a number of top cycling brands. We’re excited to be supporting ArmaUrto’s high-calibre management team on their journey."
Green Angel Syndicate and other investors backed the £2.8m raise, which includes UK Government Future Fund support.
"The success of our funding round and the quality of our investors reflects the global commercial potential for our technology,"
The follow-on capital will support product development and international distribution for the marine sensor specialist.
"We are delighted that Cyclops has been able to attract this important new funding, which will allow the company to further extend its product range and expand its global distribution network"
John and Michaela McDonald have backed the Denbighshire tour operator to help fund post-pandemic growth and marketing.
"This is our first venture into the travel sector and we are really excited about the possibilities."