The funding round was backed by Skyscanner co-founder Gareth Williams alongside Scottish Enterprise and Equity Gap.
"This is hugely exciting news and is a change of trajectory from our original, more modest ambitions – we are now set on the path for Boundary to become a top-tier European home security business. To have someone with the calibre of Gareth giving our product his backing and mentorship is incredible; we have massive plans for the future."
The seed round was led by Equity Gap with backing from Scottish Enterprise to fund broader domestic and global expansion.
"We were painfully aware of how outdated methods and tools were no longer fit to deliver the rapid change needed for businesses to survive. We’re all being challenged to deliver more, and at a faster and faster rate, but we still face the stress and frustration of misalignment and surprises in projects."
The Edinburgh firm secured backing led by Equity Gap alongside an Innovate UK grant to accelerate commercialisation of its Blue Star wave machine.
"Our goal is to produce a commercially-available wave machine which can deliver low carbon power for tie backs and future fleets of autonomous AUVs [autonomous underwater vehicles]"
The funding includes backing from Equity Gap, SIS Ventures, Alba Equity, the Scottish Investment Bank and Innovate UK.
"This is such an important milestone for Trojan Energy. Ever since we started this business, we have wanted to ensure that the benefits of the low carbon transition can be realised by everyone and not just those with a driveway. With this investment, our vision has moved a step closer. The rewards for our customers and our planet will be massive and prove the point that a big idea and great engineering can change the world."
The financing round was supported by Equity Gap, Scottish Investment Bank, Old College Capital and Hillhouse Group.
"MiAlgae has essentially taken a by-product from one industry and turned it into a solution for another industry. Through the application of biotechnology, MiAlgae is finding solutions to feed the world’s population, and with the global aquaculture industry set to double in size in the next ten years, this is a very promising business indeed."
