Leafy Tunnel led the Series A round to fund expansion into multiple European markets.
"It was critical for Lyphe to raise enough funds to execute on our scale-up plans and be in control of our destiny. We are fortunate to be leaders in our primary market with a very clear growth plan, and as such we have attracted the very best investors into this round from US, Europe and UK. Leafy Tunnel sees us step into venture capital, and we are honoured to have them on the cap table and supporting our vision for international growth, alongside Sharp Capital and all other new and old shareholders."
The funding round was led by DSW Ventures to help expand manufacturing and commercial teams.
"This new partnership will enable us to build with confidence upon the foundation provided by Aston University and Innovate UK to commericalise iDPC at scale and to accelerate the development of innovative medicines."
The funding round was backed by investors including Green Angel Syndicate and Beiersdorf.
"We are thrilled to have secured further funding from such a great consortium of companies. The collaboration will play an integral part in helping the next phase of our growth journey as we see the demand for Eco-Valve continue to rise. Moreover, the partnership also demonstrates a strong shared commitment to supporting the environment too. And it is by working together with all our stakeholders, we passionately believe we can not only support the aerosol industry but revolutionise it."
The fintech start-up has secured backing for its digital boat finance platform ahead of an autumn product launch.
"Currently boat finance is somewhat broken with relatively few funders to choose from and limited options that encourage clients to actively proceed. Add to this the painfully slow decision times and overall difficulty tracking applications, it is clear the entire process has become both time-consuming and frustrating. At SALT we offer an exclusive one stop boat shop with seamless engagement throughout the purchase journey, plus the provision of full support for insurance, warranty, moorings or service contracts whilst delivering unrivalled convenience for sailors."
