The interim investment round was led by Midven with support from the Midlands Engine Investment Fund.
"We’re thrilled to have successfully closed our funding round and want to extend our thanks to Midven for believing in Get Well Soon’s vision. With this investment, we’ll be able to continue enhancing the healthcare industry, providing an accessible, transparent and completely patient-centric platform that empowers patients with the most vital thing: choice."
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 investment round was led by Midven through the Midlands Engine Investment Fund to scale virtual ward services for the NHS.
"The investment by Midven and QVentures is critical to enabling our pioneering model of virtual hospital care, which will create urgently needed capacity for the UK health system."
Midven backed the pharmaceutical sourcing platform through the Midlands Engine Investment Fund.
"Drug shortages are placing increasing pressure on pharmacists, and disrupting patients’ medical treatments, on a worldwide basis. MEIF investment will allow iethico to re-engineer the medicine procurement process, providing more reliable access to pharmacists and enabling better outcomes for patients."
Midven provided £1m in seed funding to help the cybersecurity provider accelerate growth and expand its team.
"METCLOUD has the potential to become a major international brand and this initial investment from Midven and harnessing the Midlands Engine Investment Fund is a prime example of why this fund was set up – to transform small innovative businesses that are looking to scale up which can then make significant contributions to the local and national economy."
Midven backed the Staffordshire luxury travel agency to help grow its property portfolio and create 25 new roles.
"There are large segments of consumers who have the disposable income to take multiple holidays with many of them prepared to pay for a premium/luxury offering and service. With this trend comes a significant opportunity for Luxury Cottages to build its brand and grow its revenue, particularly after consumers have sampled staycations over the last 18 months because of COVID restrictions, and now have a flavour for better quality/luxury accommodation. This management team have many years' experience within this market, and I believe they have the skills to grow this business into a significant organisation that will attract acquirers."
The investment from the Midlands Engine Investment Fund will support the company as it expands its team and rolls out its road safety application.
"For too long, the insurance industry has had limited visibility of driver knowledge and skills data upon which to base underwriting and pricing decisions. We’re changing that with RoadHow. Through RoadHow, we will be able to provide insurance companies with real data that will create a much stronger relationship for both the insurance company and the driver. We want to reward good behaviour through data."
Midven backed the Nottingham-based business through the Midlands Engine Investment Fund.
"We are absolutely delighted to have received this game-changing investment from Midven. The Lazy Flora family is a close-knit, passionate team, who have been dreaming big and taking decisive action for the past three years. We have the beginnings of a truly exceptional team and product and are so excited to now be able to execute the ambitious plans we have for the business."
The funding round was backed by the Midlands Engine Investment Fund and matched by the UK Future Fund.
"We are very grateful to our existing investors for their continued support and to the UK Future Fund for providing matched funding. The funds received will enable Linear Diagnostics to develop a prototype single use cartridge and reader for our duplex test for chlamydia and gonorrhoea."
The Birmingham-based tele-optometry manufacturer has raised £2.5m from investors including Midven, Mercia Asset Management and the Future Fund.
"We at Eyoto have all the ingredients to become a major force within the embryonic field of tele-optometry: a great team, a range of game-changing technologies and, as this funding round proves, supportive investors."
Midven led the seed financing round to support team expansion and product development.
"This investment marks a significant step forward for D-RisQ, enabling us to form a valuable partnership with Midven and the MEIF. The additional finance will accelerate the Company’s growth and provide access to additional business expertise, enabling the transition from a research and development company to a major supplier of automated software development tools."
Midven led the investment round to support international growth and product development.
"At Zipabout we envision a future where every transport decision is based on genuine knowledge and true insight. This significant investment from MEIF, supported by First Derivatives and Founders Factory, will enable us to offer invaluable knowledge and insight to policy-makers, transport operators and travellers through a range of innovative, easy-to-use products."
Midven backed the HR tech platform to help fund the development of its new payroll system.
"Over the last three to five years, we’ve noticed a shift in where payroll sits in terms of responsibility. Increasingly HR is becoming responsible for managing payroll rather than finance and ensuring details are not only accurately provided when an employee joins but accurately maintained when circumstances shift during their time as an employee. Many organisations face the challenge of running these two systems in isolation, which causes risk and complexity. At its worst, this can result in employees being paid the wrong salaries into the wrong bank accounts or even businesses continuing to pay employees once they have left the business. Being able to respond to the growing demands of our clients is thanks to the funding we received from Midven. It is clear that eliminating the risk of payroll related mishaps, as well as having a central system on which data can be added, edited and managed – and one system that speaks to all departments involved – was very much in demand. Whilst some other software platforms offer the ‘add-on’ of payroll, this is very often a third-party system with a different interface and, if they are lucky, a synchronisation process running in the background but this still presents interface and usability challenges. Ours is fully integrated and designed by our team of developers who devised our original HR management software from scratch with the same simple and logical look and feel as Natural HR meaning no new interfaces to learn and an employee is only added, changed or removed once whilst still integrating fully with your approval processes! We recognise not all HR professionals are ‘finance trained’ so we’ve ensured the function is accessible and straightforward."
The funding from Midven and the Midlands Engine Investment Fund will support product development and create twenty jobs in Nottingham.
"We are delighted to have received the investment from Midven. It will allow us to move the business onto a more commercial footing, recruit the necessary specialised staff and reduce time to market. We want to surpass our prior expectations to enhance security, improve passenger experience and increase throughput, all whilst reducing overall costs for airports."