The financing round comprises £10m in equity led by Citibank and £20m in debt from NatWest.
"Electronics brands are increasingly moving beyond one-time sales and toward subscription-first models. Our partnership with LG marks a key step in that transition, delivering clear value for both electronics brands and customers whilst expanding our category offering with a true global leader. It’s been great working with the LG team to bring this to market, and we’re excited about scaling the partnership together."
Henley Business Angels contributed to the £1.1m financing round for the workplace safety wearable maker.
"Too many workers only discover the impact of hazards like noise or vibration exposure years after the damage is done. By then, it’s too late. This funding allows us to keep building tools that help employers see risk as it develops, not after the harm has already occurred. Prevention has to happen in real time, on the person, not retrospectively in a report. spacebands was founded on the belief that better data leads to better decisions and safer outcomes. By giving employers visibility of exposure that has historically gone unmeasured, the company aims to reduce avoidable harm, protect workers’ long-term health, and help organisations demonstrate effective control of risk."
Henley Business Angels has contributed to a £2.3m round to support the company's global expansion.
"Most countries we are working with have a huge number of primary school children (Vietnam, Bangladesh, Philippines, etc.), yet remain relatively untapped markets as too many focus on the high cost, exclusive private schools markets. We scale rapidly, localise cultural references and languages all at an affordable price point."
The Manchester startup raised the capital from early investors and advisors to expand its 3D digital twin platform for e-commerce.
"All of this starts from capturing a 3D digital twin with a short video. Our belief is simple: better product content builds buyer confidence – and buyer confidence drives conversion in ecommerce,"
The Series B round was led by Brighton Park Capital and brings the company total funding to $75m.
"We actually started in 2018, working with satellite imagery and real estate data before the LLM boom. But as we developed our AI capabilities, we started looking at where they could have the most impact. That led us to real estate legal work. Real estate is the world’s largest asset class, but the legal work underpinning it was stuck in the past. Lawyers spend days combing through hundreds of pages, trawling for specific risks. It’s unprofitable for firms, expensive for clients, and frankly inefficient for everyone involved."
