Innovate UK is a government-backed agency supporting business-led innovation across the United Kingdom.
The Blackpool start-up combined private match-funding with an Innovate UK grant.
"I sought investment to continue building the first ever Blockchain, AI-based Digital supply chain for spare parts, providing effective logistical management, faster delivery time and a reduced carbon footprint."
The round was backed by Chasnay Capital Partners alongside existing investors, retail investors, and Innovate UK.
"My north star is who I work with, and the level of enthusiasm, passion and desire to do great things at SleepCogni is outstanding. SleepCogni is a great example of hardware and software working together to have a truly life changing impact on patients."
The funding round was led by Faber with participation from Ganexa Capital and Innovate UK.
"As it stands, the management of long-term health conditions is an inefficient process for patients and their GP practice. It involves multiple appointments, duplication of tests, and tons of admin. It doesn’t deliver the best for patients and also wastes valuable NHS time and resources. Abtrace is working at the interface of AI and healthcare to transform this."
Innovate UK and Founders Factory backed the traveltech startup to accelerate its sustainable holiday platform.
"Our tech-driven approach to slow travel is not just about providing holiday experiences grounded in travelling through, rather than flying over, but about accelerating the world’s transition to sustainable travel. The past year saw the world forced to slow right down. Emerging from lockdown, many people are now choosing slower, more sustainable holidays that take them away from the crowds and help them enjoy the journey as much as the destination.We’re taking the time, and the work, out of planning and booking off the beaten path trips by train, boat and bike – and the reception we’ve had has been glowing. Our personalised, experience-based approach and on-demand WhatsApp support means holidaymakers get to spend a whole lot of time enjoying their trip and none at all managing multiple tickets, complicated timetables, and changing travel restrictions."
The seed round was led by Index Ventures with participation from existing backers and a research contract from Innovate UK.
"We founded Sylvera because we believed that in order to reach net zero, the world will require a well-functioning and scalable carbon offset market. Such a market will only work if all participants can trust in the projects they are trading. Currently, carbon offsetting is a very opaque market with little independent assurance available to guarantee an offset has taken place. The market also lacks the transparency companies need to compare projects globally across different standards,"
