£11.0M
The company secured an £11m convertible loan to scale manufacturing and commercial operations for its point-of-care diagnostic system.
British Business Bank
GovernmentThe British Business Bank is a government-owned development bank created to increase the supply and diversity of finance for smaller businesses in the UK.
Recent investments
£250K
The expense platform secured the capital from a Seedrs campaign and the Future Fund.
"We are excited to announce this latest funding round and overwhelmed with the drive and support behind the Seedr campaign. We go into 2021 with a strong proposition as we continue using the power of Open Banking technology to drive our product innovation."
£1.0M
Techstart led the £1m round, which also drew backing from angel investors and the British Business Bank.
"We’ve had a great first year with over 300 e-commerce stores from 23 different countries choosing Machine Labs to increase their sales,"
£400K
Future Fund and British Business Bank led the bridge round to support global sales expansion.