Blackfinch is an award winning investment specialist and trusted provider working in partnership with advisers based in Gloucester.
The seed round was led by Blackfinch Ventures to support global growth and commercial adoption.
"This investment marks a significant step forward as we continue pioneering new applications for magnetic sensing. With the support of our investors, we are expanding our team, advancing our technology, and bringing our solutions closer to widespread adoption."
The seed round was led by Blackfinch Ventures with participation from SFC Capital, Logo Ventures, and Finberg.
"We’re excited to have the backing of such an esteemed group of investors who believe in the transformative potential of our technology."
Wealth Club led the EIS funding round with participation from existing investor Blackfinch Ventures.
"I’m delighted to welcome Wealth Club as a shareholder at this really exciting time in our growth trajectory. We’re already starting to see the profound impact we’re having on safety and efficiency in the rail industry through the implementation of our geofencing technology. With Wealth Club on board, I’m excited to increase this impact and together, work towards our mission of putting an end to preventable fatalities in heavy industries."
The funding round includes backing from Wealth Club and 1818 Venture Capital, alongside follow-on support from Blackfinch Ventures.
"This latest round of investment truly shows our desire to push on ahead and establish WMC as the market leader in the competitive intelligence marketplace."
The investment round was led by Blackfinch Ventures and will support international expansion.
"Even before the cost-of-living crisis hit, public transport outside of big cities was broken – expensive, unreliable, or simply not there for people who need it. Almost 5,000 bus services – more than one in four – were axed between 2012 and 2022. Many that remain, especially outside cities and large towns, are under threat from the recent end of the Bus Recovery Grant. Too many people are left with a stark choice – car ownership, which is itself increasingly prohibitively expensive, or simply not working. That’s not right – it’s not good for individuals and their families, and their social mobility and mental health, or for communities more broadly, and it’s not good for the economy."
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