The Future Fund is a government-backed scheme supported by the British Business Bank.
The seed follow-on round was led by the Government Future Fund with matching contributions from Saker Capital and North East Innovation Fund.
"Magnitude has demonstrated high agility and resilience during the pandemic and has proven to be a fast growing business in trying times. Our investment will consolidate its position as a rising contract research services provider to the UK’s biotech sector."
The fintech start-up secured backing from the Future Fund to help young people save for a property.
"The challenges facing young people are huge, with a massive wealth imbalance, a complex financial system and little help. We’ve been planning, testing and building Nude to make the financial world fairer and easier, starting with helping people buy their first home faster and easier than ever before."
The Belfast start-up gains official backing to bring its LipRead and SRAVI communication products to market.
"We’re always excited to see how the companies we’ve worked with continue to grow and innovate producing cutting edge research. Liopa is doing some critical work and using their research to provide solutions in a particularly challenging time. We’re pleased the team are getting the funding they deserve to continue this work."
The Series C round was led by Augmentum Fintech, SBI Group and mojo.capital to support continued company growth.
"At Habito, we’re on a mission to make mortgages easier for anyone who wants to own a home in the UK. For too long, the odds have been stacked against customers who still have to put up with poor service, uncompetitive products and punishing loyalty penalties. The tide is turning on traditional home financing and we’re here to usher in a new future of home financing that combines the very best of human expertise with the efficacy of technology and reduces cost, stress, time and friction for all."
The £10m Series B follow-on round was led by DIP Capital with backing from the UK government's Future Fund to drive global expansion and new product development.
"We are excited to lead this round as we recognise Wejo's huge potential and believe in the value it provides not just to car companies but also to end-user customers of its big data insights and analytics. We are confident Wejo is in the right position to take advantage of this clear opportunity to become a leader in the market, shake up the automotive industry, and enable the full digitalisation of mobility."
