The seed round was led by Green Angel Syndicate with participation from a syndicate of green investors and industry partners.
"This funding round will enable us to scale up our development and launch our business providing next-generation greenhouse gas monitoring. Our unique quantum Lidar is the right solution for the challenge of how to effectively measure industrial methane emissions, and meet the major commitments that the oil and gas majors have made to control their greenhouse gas emissions."
The online building supplies marketplace has raised capital to relocate to Cardiff and fund technological development.
"We are on a mission to consolidate the highly fragmented trade professional supplies market. The sector often relies on personal relationships to procure equipment but we are now offering a primary market aggregator that is proving very popular. Our aim is to not only offer a one-stop shop for trade professionals, but to also support local independent merchants by offering an online selling solution that is needed now more than ever."
The seed round was supported by a syndicate of investors including the Development Bank of Wales and the UKI2S Innovate Accelerator to fund platform development and laboratory expansion.
"Our investors recognise the potential of our AI-powered antibody drug discovery platform to provide a breakthrough in the industry. With our technology, it will be possible to develop drugs for difficult targets and ultimately reduce drug discovery timescales from years to weeks. In addition to platform development, the funding will enable us to invest in facilities and recruitment; we are grateful to our investors and Innovate UK for their continued support."
The seed round was led by the Development Bank of Wales with backing from angel investors and Innovate UK.
"We’re delighted to have secured our first equity investment and very much look forward to continuing to grow and develop alongside the Development Bank of Wales and our Angel co-investors."
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