Finance Wales backs Swansea electronics provider to scale operations and accelerate software development.
"Since moving to our new Kings Dock facility we’ve been able to further develop our services by utilising our increased capacity and developing our bespoke warehouse management and reporting software. With Finance Wales’ latest investment we’ll be able to accelerate this development, boosting our growth and allowing us to maintain our high quality service to both existing and new customers."
The funding round was backed by Northstar Ventures, PJ Tech, and angel investors.
"Verticly is going from strength to strength and the latest investment round will enable it to continue to grow its operations both in Europe and further afield."
The mobile challenger bank secured the capital from thousands of crowd investors after reaching its target in less than two minutes.
"We’re the first bank to enable customers to become shareholders through a crowdfunding platform. Our customers are already helping us to build the bank from the ground up by alpha testing the mobile app. They deserve to be a real part of our journey to be a bank that people can trust and puts them back in control of their finances. We want to continue to involve them in future funding rounds."
Bristow Group and MMC Ventures have backed drone inspection provider Sky-Futures in a $5.7m investment round.
"This partnership between Bristow and Sky-Futures enables us to rapidly expand the operational delivery of drone-based inspection services in the global oil and gas market. We’re really excited because it allows us to enhance our advanced technology platform that powers industrial data capture and analysis, providing our clients with increasingly valuable and actionable information. We’re working on automating the entire analysis process using algorithms to provide a high degree of confidence to engineers. This will enable more efficient operations, planning and maintenance of the infrastructure."
The investment round was led by Atomico with participation from JamJar Investments and several angel backers.
"Farmdrop is on mission to fix the food chain by making it easy to buy the best food from the best local producers. We believe everyone deserves a more delicious world and this investment will help us continue to improve the product and spread the word about the Farmdrop revolution."
