£15.0M
Blackstone Mercantile Group backs the Newcastle biotechnology firm as it prepares to launch luxury biomaterials and medical products.
Funding Announcements
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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
340
Total raised
£3.4B
disclosed amounts
This month
£10.4M
raised so far
$2.4M
The seed round was co-led by Faber and Counteract to scale production of the company's BioPuff insulation.
£1.0M
The investment forms part of a £3.5m funding round directed by The FSE Group.
"We’re delighted to receive this investment from The FSE Group and the South West Investment Fund, which will help us accelerate development and expand deployment of our unique lidar-based methane detection systems. Our mission is to give operators the tools to detect and prevent methane emissions quickly, accurately and cost-effectively, helping to reduce one of the most harmful greenhouse gases and make real progress toward global net-zero goals."
£1.6M
The funding comprises private equity and a state grant to expand research and development operations.
"Cambridge Photon Technology exemplifies the kind of transformative innovation needed to accelerate the global transition to sustainable energy and address climate challenges."
£16.0M
The Series A financing was led by Forbion and HV Capital to fund a new pilot production line.
"The founders' mission is to combine scientific innovation with design excellence to create beautiful, environmentally friendly materials that meet the exacting standards of global luxury brands while enabling broad industry adoption."