Elkstone is an Irish venture capital firm that invests in early-stage technology companies.
The financing round was backed by investors including Elkstone Capital, SciFounders, and Faber.
"Our mission is to revolutionise the user experience of healthcare. We do that by building medical devices with a patient-first approach, and focusing on the needs that truly matter to patients. This funding round will allow us to complete first in patient clinical trials of our innovative Lily Device, and accelerate our path to market launch and patient impact in 2024"
The financing round was led by Autotech Ventures with participation from several new and existing investors.
"Autotech Ventures is truly excited to partner with the Laka team. As a transportation focused fund, we’ve been witnessing the explosive growth in personal ownership of two wheelers – especially in light of the pandemic – as well as increased business use cases within logistics."
The funding round was led by Bridford Investments and featured a crowdfunding campaign on Crowdcube.
"The sheer popularity of the crowdfund shows that Penfold is a solution to a real problem for lots of people. Saving for your future should be as easy as online banking, but the legacy pension companies are making it hard for consumers to have visibility or control of their pension pots. We’re cutting out the complexity in pensions – and people are showing their support by investing in us."
