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C&

Cornwall & Isles of Scilly Investment Fund

Government

The £40m fund provides debt and equity finance ranging from £25k to £2m to growing small businesses across the Cornwall and Isles of Scilly region.

Portfolio

4

companies

By category

  • ConsumerTech£1.5M
  • Enterprise Software£750K
  • SportTech£300K
  • AgriTech£141K

By location

  • Cornwall£2.7M

Portfolio companies

A

ArmaUrto

Protective cycle wear provider developing impact clothing for cyclists.

CD

Clothes Doctor

Clothes Doctor manufactures eco-friendly laundry care products.

F

FibreCRM

FibreCRM provides cloud-based client relationship management software designed specifically for accountants.

GD

Glas Data

Glas Data builds universal dashboards to simplify agricultural data management for producers.


Team

JA

John Acornley

LEP non-executive director and chair of the CIOSIF Advisory Board


Recent investments

£500K

The follow-on investment forms part of a £1m round aimed at scaling the eco-friendly laundry care brand globally.

"This investment marks a pivotal moment for Clothes Doctor. With FSE’s support, we’re not just expanding our reach; we’re redefining eco-friendly laundry care on a global scale. Our innovative products, such as our ‘spritz’ line and our renowned wool and cashmere detergents, are setting new standards in the industry. We’re committed to continual innovation and sustainability, and this funding will propel us into new markets and opportunities."
— Lulu O’Connor, Founder and CEO
£1.0M

The funding round was led by the Cornwall & Isles of Scilly Investment Fund to support international expansion and team growth.

"Loving your clothes for longer is our company ethos. Our parents and grandparents knew how to care for their clothes and made them last so much longer than we do today. If people can extend the life of their clothes by just nine months, it will reduce the carbon, water, and landfill footprint of their wardrobes by up to 30%. We are delighted to be expanding our business so that more people are able to use our product range to wash, repair, and care for their clothes, helping them enjoy them for longer and keeping them out of the landfill."
— Lulu O’Connor, Founder and CEO
Other
£300K

The company secured capital led by The FSE Group to scale its protective cycle wear business.

"It was a real pleasure to work with Chris and the team. Being a regular road cyclist myself, I could immediately see the appeal of ArmaUrto’s high-quality products that address a clear market gap. Road cycling is a ‘hot sector’ for investment and Cornwall is becoming known as a popular location for a number of top cycling brands. We’re excited to be supporting ArmaUrto’s high-calibre management team on their journey."
— Martin Macey, Fund Manager
Pre-Seed
£141K

The pre-seed equity funding comes from the Cornwall and Isles of Scilly Investment Fund to support research and development.

"There is a lot of pressure on farmers and food producers to become more efficient and increase productivity. Adopting technology is crucial, but there is a risk that the amount of data generated by new technology will become overwhelming. Our GlasCore dashboard helps by pulling all of the data about a farm or food production business into one easy to use and simple to understand screen,"
— Colin Phillipson, Co-Founder