Innovate UK is a government-backed agency supporting business-led innovation across the United Kingdom.
Octopus Ventures led the seed financing round to help the Sheffield spin-out commercialise its infrared sensors.
"We are delighted to be leading this investment round for Phlux Technology, as this innovative breakthrough is critical to the future direction of transport, communication and emission monitoring systems,"
The seed round was led by AlbionVC to fuel international distribution and technological expansion.
"The idea for OutThink was born out of frustration that existing solutions on the market were failing, yet it also came from a passionate belief that if we engaged people beyond traditional security awareness training into human risk management, we could make them the organisation's strongest defence mechanism. We are delighted to welcome AlbionVC, TriplePoint and Gapminder to our team as we create a new category within the cybersecurity solutions market."
The pre-seed round was led by QUBIS Innovation Fund and will support clinical trial preparations and engineering hires.
"We are delighted to have led this investment round into Transdermal Diagnostics. The transdermal approach for glucose monitoring that Transdermal Diagnostics is developing will have a disruptive impact on the diabetes market, we are additionally excited by the company’ potential to expand into the wellness and sports nutrition industries. This funding round alongside the Innovate UK funding will help support them in this journey."
The funding round was led by Archangels to support international expansion and product development.
"In a post-pandemic world, web-based clinical triage is becoming an increasingly an important part of how healthcare is delivered in the UK and globally, providing a vital service and reducing the burden on healthcare teams. I have no doubt that the clinical depth of the PhysioWizard product, which has been developed over many years, will ensure that it becomes the leading digital triage solution not only in the UK but globally."
The pre-seed investment was led by SFC Capital to support product development and team expansion.
"High attrition rates in professional services mean that new generations of lawyers and accountants don’t want to spend their time on menial administrative tasks. This has a knock-on effect on support staff and in legal firms specifically, secretaries are working for an increasing number of lawyers, with the ratio expected to be 20 legal professionals per secretary by 2027. Our platform delivers richer, more insightful transcriptions and analytics for remote collaboration"
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