The funding round was led by East Innovate to support team growth and international expansion.
"We believe that time and location-based markets for energy and flexibility are foundational to the fastest, cleanest path to Net Zero energy. But, when Electron started developing these markets six years ago, the policies, business models and technologies required to support such markets were still unclear."
The Oxford spinout secured £9.2m from new and existing backers to scale its smart hot water technology.
"Mixergy is launching a new integrated heat pump cylinder in the Spring, which uses our top-down heating technology, with a small heat pump attached to the cylinder. It will heat water 10x faster than conventional integrated heat pump cylinders (usable hot water in under 30 min), and connect to the grid."
Hoxton Ventures led the Series A round with backing from Nesta and Mustard Seed Ventures.
"I am delighted to announce our Series A as yet another sign of the momentum we’re building at Skin Analytics"
The Southampton radiation detection specialist secured £3m from existing backers to fund its US expansion.
"We are delighted to have secured this latest round of growth funding, which has demonstrated continued support from existing investors and will enable us to take full advantage of the global growth opportunities we are presented with. Our range of market leading radiation detection technologies provide real world solutions to real world challenges and expanding our operations in the US is a key tenet of our growth strategy."
The rewards-based crowdfunding platform secured its target in just over three hours with backing from over 200 investors.
"It’s been an awesome day – a massive endorsement of what we’ve been doing at Crowdfunder – and the sheer power of crowdfunding as a way to raise investment. I’d like to thank all of those who have backed our great idea – and our desire to turn more ideas into reality."
