The investment round was backed jointly by MOL Drybulk and Scottish Enterprise.
"MOL is committed to decarbonisation within our industry and Scotland is at the forefront of many environmentally friendly solutions, whilst our investment in Smart Green Shipping furthers our commitment to the UK."
— Kazuhiko Kikuchi, President and Representative Director
Mercia Asset Management and Pearson backed the Series A round to fund international expansion and team growth.
"Daniela Tsoneva, Investor at Mercia, said: “We are excited to support Nelson and his team in their quest to transform workplace learning. HowNow’s dynamic matching technology ensures users receive the right learning content at the right time. The company is a pioneer in the relatively new but fast-growing learning experience sector and has the potential to become a market leader. The funding will help it expand its global footprint and continue its rapid growth trajectory."
The Series A round was led by Thairm Bio to support the expansion of same-day medication delivery across the UK.
"This round of investment is particularly crucial in helping us scale our offering and realising our vision of establishing Phlo as the market leader in the delivery of next-generation digital pharmacy services right across the UK. We have a very busy roadmap ahead and some incredibly exciting opportunities to take advantage of in 2023 and beyond"
Creative UK provided the capital through the North of Tyne Culture and Creative Investment Programme.
"This is our second investment round but significantly larger than the first, with more complex mechanisms involved. Creative UK were patient, transparent and incredibly helpful throughout the whole process and it’s a huge boost to know that they have our best interests at heart and are just as motivated to see the business succeed as we are."