Calculus pioneered tax efficient investing with the launch of the UK's first approved EIS Fund in 1999. The firm targets high growth private companies across sectors including technology, healthcare and entertainment.
The investment was led by Calculus Capital with continued backing from Mercia Fund Management.
"We are delighted to complete a further funding round with investors who share our vision. It provides a really meaningful opportunity to capitalise on the growth opportunities emerging as the world of work continues to see accelerated change."
Downing Ventures, BGF, Mercia, and Calculus Capital backed the Bedfordshire nanotechnology business in its latest round.
"We are delighted to be bringing such high-profile investors on board, who share our ambitious growth plans for the business. This significant investment is a strong endorsement of the MIPs technology, it will enable us to scale our operations and take the business to the next level. MIPs offer many advantages and provide solutions to enable new applications that push the limit of what was previously possible. This investment will enable us to rapidly expand our operations to service these opportunities and bring exciting new products to the market."
The workforce management software provider has raised £6m to drive international expansion.
"It’s our mission to create a step-change in scheduling to improve not only how businesses and organisations run their operations, but to also positively and significantly impact the lives of shift-based employees. As a [former] doctor, I am particularly passionate about taking those benefits to the healthcare sector. We are excited about this new funding round, are pleased to welcome Calculus and to receive continued support from Mobeus."
The investment round was led by Arm, Calculus Capital, Kendall, MGL, and Guinness Asset Management.
"The strong financial foundation that our investors are giving us will be crucial to our ability to work with our partners to deliver large scale mmWave 5G deployments across a number of key markets. Working closely with our partners and their customers, we are seeing a diverse and growing range of emerging applications for our technology – whether it be for drone-to-drone communications or private enterprise networks. We’d like to thank all our shareholders for their continued support at this pivotal commercialisation phase."
Calculus Capital led the round, which will help the idea management platform expand its sales and product capabilities.
"It really feels like the time is now for idea management and we want to be the company leading the market as it grows, matures and becomes even more mainstream"
