Beach Point Capital Management backed the recurring commerce payments platform as it appointed a new Chief Strategy and Product Officer.
"I’m delighted to welcome Eline to Acquired.com. Her expertise and deep industry experience will unlock new possibilities for our customers, as we look to capitalise on three years of consistent growth."
The Newcastle-based cybersecurity company raised the capital to fund product development and expand its team.
"Mercia has an in-depth knowledge of the cybersecurity market. Having supported Melius from an early stage, it’s been rewarding to see its progress with each funding round. CyberSafe solves a security headache for SMEs and this latest investment will enable Richard and the team to establish it as a leader in its field."
The funding from the Development Bank of Wales will help the university spinout commercialise its rapid diagnostic tests for urinary tract infections.
"UTI prevalence is rising with an ageing population and the increase in antibiotic resistant infections. The gold standard for UTI diagnosis is microbiological urine culture and, in the UK, millions of urine tests are processed and cultured each year. However, a major drawback of urine culture systems is the time lag of approximately two days between specimen collection and pathogen identification. Fast and accurate diagnosis, leading to a rational treatment, is essential to achieve a timely and effective therapy."
The seed round was led by MMC Ventures to support product development and customer expansion.
"Bluetooth has seen unprecedented technical and commercial success as a consumer technology for personal connectivity, with adoption in billions of devices. Now, businesses are exploiting those economies of scale and unique low-cost, low-power characteristics for cloud-connected devices, and Blecon is providing the technology to allow them to achieve it."
The funding round was led by Nesta Impact Investments with co-investment from GC Angels to support national and international growth.
"We’re so pleased to have our new investment partners on board and them acknowledging the potential in all we do at Gaia Learning to help school partners, learners and their families. We have tripled our learners this academic year, grown our team to 12 staff members and seen huge demand from children who are struggling in mainstream education. Now, more than ever, schools need flexible, digital solutions that can scale within budget supporting each neurodivergent child’s needs."