Investment fund focused on supporting small and medium-sized enterprises across the Midlands region.
The Birmingham mobility company raised the capital to complete product development and begin manufacturing.
"Centaur Robotics is at the forefront of revolutionising mobility solutions for wheelchair users. This investment marks a significant milestone in their journey, allowing them to bring their innovative self-balancing electric wheelchair to production."
The funding round was led by Midven with participation from the Midlands Engine Investment Fund and angel backers.
"Lexverify offers cutting-edge technology to proactively scan electronic communications in real time, and in doing so sets a new standard for risk management, employee training, and productivity growth. We are thrilled to support them on their journey to modernise the way businesses manage risk and foster a safer, more efficient, and professional workplace environment."
The funding will support new laboratories in Stevenage and headquarters in Milton Keynes alongside team expansion.
"Having worked on drug development projects that involve animal testing, I've seen the difference that new drugs can make to patients' lives. However, I felt there had to be a better way and set out to look for an alternative. Our model not only enables companies to move away from animal testing but also improves safety for patients too. We look forward to working with many more clients and scaling the business with a view to global expansion in the future."
The funding was backed by Mercia Ventures, the Midlands Engine Investment Fund and private investors.
"Having grown up in a digital world, today’s students are more likely to make decisions based on reviews rather than marketing material. StudentCrowd is the only platform of its type that offers reviews from verified students and covers universities, courses and accommodation. The company has huge potential for growth. This investment will enable it to establish its position as the leader in the UK market and prepare it for international expansion."
Midven led the investment through the MEIF West Midlands Equity Fund to support platform expansion.
"The investment will enable us to realise the NHS digital first strategy through innovation and transformation in both public and private healthcare. ensuring timely and patient-centred care for all. Our specialty-agnostic approach, configurable pathways, and seamless integration capabilities will empower clinicians. Enabling them to tackle the backlog of referrals, enhance overall efficiency, and improve access to specialist services."
