LYVA Labs is an innovation commercialisation company established to turn ideas into high-growth businesses and quality jobs in the Liverpool City Region.
Akshay brings investment and financial advisory experience from roles including Head of Investment at LYVA Labs and Chief Financial Officer at Coastr. He previously served as Investment Director at the University of Central Lancashire and Director at Nova Growth Capital.
The pre-seed investment from LYVA Labs will accelerate product development and commercialisation.
"LYVA Labs is delighted to back Sam, Martin and Richard in their mission to help reduce the number of people dying from blood cancer by providing the technology to allow more rapid diagnosis which will enable earlier treatment for the condition."
Ascension led the oversubscribed seed round with backing from a syndicate of co-investors.
"Our ability to help homeowners access affordable energy via our Flexx platform and virtual power plant drives energy security and helps the UK get to a clean, green future. When we launched Heatio two years ago, our priority was to help more consumers access green technology and reduce the use of fossil fuels to decarbonise their homes. Through this investment, we are moving closer to making that a reality. We are looking forward to driving our expansion and working with industry leaders and would like to extend our appreciation to every investor for helping us get where we are today."