The investment was provided by the Rail Supply Growth Fund and Angelgroups to fund team growth and product development.
"This investment is a fantastic opportunity for us to develop our business. The funding will support our product growth and allow us to transform the way the UK and international rail markets deliver their projects."
Digital Training Solutions has secured backing from Maven Equity Finance and GC Angels to expand its immersive learning technology.
"We’re delighted to have received this show of support from the Maven team and the Growth Company. It’s an exciting time for EdTech and interactive video and we’re looking forward to using this investment to take our innovation to the next level"
NVM Private Equity led the Series A round to support workforce expansion and product development.
"This investment is a big vote of confidence for Quotevine and the work we are doing. There is a big shift taking place in the asset and auto finance sector, driven by the prevalence of interesting technologies like AI and IoT. Businesses in this space have a huge opportunity to get ahead by understanding how these technologies can be adopted to drive operational value and better meet customers shifting demands and need for personalisation. We are thrilled we have NVM on board and look forward to building our business."
Par Equity led the £1.2m investment round, which also saw continued backing from Kernel Capital.
"Seldom does a day go by where the possibilities of machine learning aren’t being discussed. We’re as keenly aware as industry commentators that any successful use of this technology will rely on fast access to perfected data, something that has been our sweet spot since we were founded, and in which we’ve been investing continuously throughout my six years at the firm. We’re extremely pleased that Par Equity has come on board at this exciting time in our company’s history and look forward to working with them. Thank you for your continued support and we look forward to sharing more exciting news in the near future."
Maven led the Series A round with participation from the North East Development Capital Fund, Growth Capital Ventures, and private backers.
"John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth."