The funding round was led by Newable Private Investing, the Development Bank of Wales, and angel investors.
"Jellyfish represent a source of ‘next generation’ collagen with diverse application potential, including for research in the medical, biotech and pharmaceutical markets,"
The smart home energy company secured funding from over 1,200 public backers on Crowdcube.
"We entered into crowdfunding as we wanted a percentage of the company to be genuinely owned by the consumer. To receive this level of investment from the public is an incredible endorsement for all of the hard work the Verv team has done so far and we’re excited to have brought on board an incredible 1217 crowd investors join us on our journey."