The round was led by XTX Ventures to support expansion across health and wellbeing markets.
"The demand for alternative pathways to access mental healthcare is enormous, and continues to grow by the day. We’re committed to disrupting traditional approaches to healthcare to help improve the quality of people’s lives, and we’re particularly focused on the perinatal mental health sector. With the support of XTX Ventures, Foresight Group and Praetura Ventures, we’ll strengthen the rollout of new clinical trials and product development, and champion the benefits of technology for reinforcing healthcare provision on a national, regional and global basis."
The Manchester integration platform has raised capital from Y-Combinator to expand its client base in the UK and US.
"It’s been fantastic to be selected over 10,000 companies that have applied for YC. It’s testament to the amazing work our team have produced over the last year. Building a true any-to-any integration platform has been a feat of engineering and we are super happy that Y-Combinator have picked up on that!"
TSP Ventures co-led the round, supported by Foresight Group, the British Business Bank, the University of Nottingham, and angel investors.
"We are delighted to be joining the Promethean Particles team and becoming a part of their onward journey. On the current trajectory, global warming is predicted to reach 2.7°C by 2100. Hitting the 1.5°C target established in the 2015 Paris Agreement will require a 45% reduction in annual global emissions by 2030. However, even with all the current climate pledges and commitments, global emissions are set to increase significantly over this period. At TSP, we believe that hitting, or even getting close to this target without carbon capture is now virtually impossible. Bringing down the cost of carbon capture (both point-source and Direct Air Capture) is essential and as Venture Capitalists, we believe it is our role to support emerging, World-changing technologies through the difficult development period to full commercialisation. Under the experienced leadership of CEO James Stephenson, we are certain that the Promethean team have all the necessary knowledge and expertise to scale this technology."
TSP Ventures has led a seed funding round into Wastewater Fuels to support the development of microbial electrolysis technology.
"We are over the moon to have TSP Ventures join our journey. The guidance we’ve received from Chris, Mike and team has helped shape our vision for Wastewater Fuels and set solid foundations for rapid technology exploitation. Our goal now is to deliver the promise of MEC technology – zero emission hydrogen, produced adjacent to where the need for clean energy is greatest; and net energy positive wastewater treatment. Our researchers and engineers are building hundreds of prototypes that push the frontier of energy efficient fuel creation and wastewater treatment. We foresee our modular and scalable system changing the world for the better, from lowering utility and fuel bills, to reducing the spread of disease and fighting climate change."
YFM Equity Partners has led a £4.5m investment into the DevOps analytics platform to expand commercial reach and product leadership.
"Effective technology delivery is mission critical for most organisations, hence the explosion of interest in applying data science to optimise the end-to-end software delivery process. Plandek is the only UK company recognised as a leading global vendor in the space. Our intelligent analytics helps software delivery teams deliver value faster and more predictably as Plandek continues to lead the data science revolution in DevOps."
