Nic is a senior partner at Molten Ventures and previously served as CEO of Forward Partners. He holds board roles at several companies including Koru Kids and Robin AI.
Luke brings venture capital and board experience from roles at Forward Partners and Forward Fund. He previously held board positions at Silico and Ably.
Notion Capital led the seed financing to help the software-first manufacturing firm scale its operations and technology.
"Manufacturing is the backbone of economic prosperity, national security and our collective purpose as humanity. Yet our industrial base is dying. We’re building a new model, one that decentralises production while driving efficiency through software and automation. With support from top investors who share our vision, we are forging industrial acceleration for the West."
The pre-Series A round and Innovate UK grant will fund federated learning development and platform scaling.
"Critical Infrastructure is a multi-trillion dollar industry. Across Energy, Utilities and Telecoms – on-device Federated Learning has the potential to improve performance, reduce failures, enhance security and lead to more efficient, more sustainable services. The OctaiPipe team has already demonstrated significant customer traction and we are delighted to support them as they scale to address this important market."
Forward Partners and Middlegame Ventures led the round to support infrastructure for alternative asset investing.
"A culture of exclusivity, overly restrictive entry requirements and archaic processes have meant access to investing in things like property and green energy and more have traditionally been dominated by the super-rich and institutional investors. A diversified portfolio should play a key role in any investment strategy and it’s not right that alternative assets, a typically robust form of investment, remain in the old world of money."
The funding round was led by Octopus Ventures with backing from JamJar and Forward Partners.
"This latest injection of funding – from experienced investors with a proven track record of backing successful fertility and femtech businesses – will enable us to get our pioneering treatment in the hands of the people who need it most. We can’t wait for people to try it."
The extension round was led by Forward Partners and MMC Ventures to support ongoing growth.
"We are excited to announce this investment which is a huge statement of confidence from our investors that we have a unique approach to solving a major global problem in healthcare – how to truly increase access and treat people faster, without adding further burden onto clinicians. We are thrilled to add Simplyhealth Ventures and look forward to working with them as we look forward to growing in the UK and beyond in the next 12 months."
