The Series C round was led by a strategic investor and backed by existing supporters to drive international expansion.
"We are delighted to continue backing the ambitious CGD team in bringing groundbreaking GaN technologies to market. As we strive towards a low-carbon future, CGD’s products can deliver higher performance while enabling up to 50% energy savings across multiple growing sectors such as automotive, renewable energy, and data centres. We look forward to seeing the impact that CGD can make in enabling greener power electronics"
BGF has backed the managed threat detection provider in a follow-on investment aimed at product development and team expansion.
"We’ve seen an exciting period of growth for e2e-assure. From expanding our team and our capabilities, to targeting a range of new sectors each with their own unique and complex challenges, we remain committed to continual technological innovation. We’re excited to take this next step in our growth journey alongside BGF."
BGF committed a further £4.6m to support the accessibility software provider's growth strategy.
"This marks a significant step forward in our growth ambitions and is another positive milestone on our investment journey with BGF. In the last 12 months, our pioneering technology has supported more than 7 million users across Europe, the United States and Australia. Our ambition is to extend that reach – not only to accelerate our own growth, but to help millions more people to access online content around the world."
The funding round was backed by Barclays Sustainable Impact Capital and existing investor BGF.
"This investment by Barclays and BGF is strong recognition of the value delivered by XNO®. By utilising XNO®, cell manufacturers can deliver the most-innovative, sustainable, and high performing batteries to facilitate the effective electrification of heavy-duty vehicles. It is gratifying to have some of the world’s leading investors support our ambitions and cement their belief in XNO® by investing significant capital. Their investment will enable us to take the next major step forward in our fast-moving company journey."
