The funding round was backed by the Development Bank of Wales and SFC Capital.
"We want to improve the user experience so that using this technology feels as intuitive as using a smartphone. Pretty much everyone has a smartphone these days and the technology underpinning them is very sophisticated, but the end user in most cases does not need to know how that all works – it just works. PurifAI is about putting cutting-edge testing power directly into the hands of users, wherever they are and whatever their DNA question may be."
The Development Bank of Wales has backed dog-welcoming coffee shop chain Coffi Lab with £1.7m to accelerate its regional expansion.
"The investment we’ve had from the Development Bank of Wales means we’ll be able to leverage our investment, speeding up our roll out to bring our Labs to even more communities across Wales and beyond."
The Development Bank of Wales provided the loan to support product expansion and new electric vehicle services.
"The UK automotive aftermarket is thriving, but smaller, more local garages can sometimes struggle to keep up with advances in diagnostic technology. Maverick Diagnostics benefits from a highly skilled team who have a passion for sharing their technology and expertise with garages and workshops throughout the UK, enabling them to compete with main dealers. Our support for their business means that they can do more to enable their customers to help car owners with repair, maintenance and service requirements."
The funding from the Development Bank of Wales will be used to purchase materials for a growing order book.
"Changing legislation and an increased focus on fire safety means that there is increasing demand for certification on fire doors. The bulk of our work is in the social housing sector but we also fit doors for building contractors, developers and landlords. The first loan from the Development Bank enabled us to emerge from the pandemic with renewed optimism for the future of the business so we invested in additional tooling and fleet vehicles plus a new unit at the Westbourne Centre in Rhyl. This latest loan will be used to fund the purchase of the materials that we need to fulfil our growing order book."
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