The financing will support the commercial rollout of synthetic affinity reagents and team expansion.
"Securing funding for a novel reagents company in today's investment landscape demonstrates clear confidence in MIP Discovery's technology and renewed commercial strategy. Our proprietary modeling approach to developing synthetic antibody alternatives has already been successful for diagnostic applications, and we have already seen very encouraging traction for our expertise in the cell and gene therapy space."
The funding round was backed by Mercia Ventures, Northstar Ventures, and the North East Venture Fund.
"The support from our investors has allowed us to grow the business to the point where we now work with over 100 customers internationally including large pharma and biotech companies. This latest investment will further enhance our technology and underpin our ability to continue our rapid growth."
The Liverpool geospatial firm will partner with the European Space Agency to develop a high-resolution monitoring system.
"Supply interruptions cost utility companies billions of pounds each year, not only in trying to repair and restore supplies but also paying compensation to customers. Construction work is a key cause of disruption and the situation is likely to get worse in the future if planning laws are relaxed. Our systems help them make the most of the available data and take a pro-active approach to identifying and tackling potential hazards. The new system will be the most powerful to date and could help companies to dramatically reduce downtime, regulatory fines and their environmental impact."
The investment was supplied by the MEIF Proof of Concept and Early Stage Fund alongside Mercia's EIS funds to support platform development and team expansion.
"With hybrid and remote working now considered normal, employees are increasingly reliant on technology to stay connected and productive, but the adoption of incohesive, clunky technology is contributing to burnout, and decreased engagement. HulerHub is designed to make work simple again. This investment will help us fuel our revenue growth and further develop the product to bring maximum value to our clients."
The Sheffield-based industrial sensor firm raised £1.5m in follow-on funding to accelerate product development and create technical jobs.
"Industry is facing a host of challenges such as the need to be energy efficient, sustainable and ESG compliant, reduce costs and enhance quality. Our integrated sensing solutions provide the data required to help companies to meet these challenges and achieve digital transformation. The funding will help us to drive further growth and bring our solutions to a wider global audience."
