The funding comes from Mercia and the MEIF Proof of Concept and Early Stage Fund to prepare for a Series A round.
"Our ambitious vision started back in 2008 and is gathering real momentum, supported by this investment plus key board appointments. We are excited about our future growth potential and the opportunity to disrupt the traditional high street lettings model. We aim to make renting out your property long-term as easy as filling your holiday let on Airbnb, and become the go-to choice when renting out property."
The consortium led by AGS Airports and NHS Scotland will use the capital to conduct live flight trials and build physical infrastructure.
"The CAELUS project is set to revolutionise how healthcare services are delivered in Scotland. A drone network can ensure critical medical supplies can be delivered more efficiently, it can reduce waiting times for test results, and, more importantly, it can provide equity of care between urban and remote rural communities."
Maven Capital Partners has backed the software provider to support product development and team expansion.
"We believe that Zinc offers an excellent opportunity for investment into a scaling business that is operating in a market supported by positive sector dynamics. The Company is led by a very capable team, and they have made good commercial progress to date. Revenues are backed up by strong recurring revenues and a positive deal pipeline of prospective new clients. We are delighted to have structured a debt and equity solution which will support the delivery of management’s ambitious targets."
Chrysalix Venture Capital has backed the developer of adaptive industrial intelligence systems in a seed round.
"Chrysalix is very excited to team up with Luffy. There is great potential for this technology to positively impact a very wide range of high value control problems,"
The pre-seed round was led by 468 Capital to fund team expansion and initial property purchases.
"The new generation of working professionals and creatives strives toward a flexible lifestyle, but also remains diligent about collecting a diverse range of investments. Real estate’s stability makes it indispensable to any well-balanced portfolio. What we love about Lilo is that it combines the best of both worlds – we’re absolutely thrilled to be part of this journey."
