£1.2M
The funding round was led by Eos Advisory alongside Old College Capital as part of a wider £2.2m seed financing.
"There is a huge global market of scientists and clinicians who would buy our products as part of their sequencing work."
Old College Capital is the in-house venture investment fund of the University of Edinburgh.
The funding round was led by Eos Advisory alongside Old College Capital as part of a wider £2.2m seed financing.
"There is a huge global market of scientists and clinicians who would buy our products as part of their sequencing work."
The TRICAPITAL-led round will fund team expansion and sector diversification for the Edinburgh fintech.
"In the new world, AI can be adopted throughout the customer journey, driving new insight, significant efficiency gains and better protecting the vulnerable. It’s a win-win situation. By using AI to help automate processes like quality assurance and risk monitoring, material cost reductions can be achieved. At the same time, companies gain targeted insights on customer experience and training opportunities for customer-facing staff."
Northstar Ventures led the £1.2m round to support the commercial rollout of the medtech firm's diagnostic device.
The Edinburgh firm secured backing led by Equity Gap alongside an Innovate UK grant to accelerate commercialisation of its Blue Star wave machine.
"Our goal is to produce a commercially-available wave machine which can deliver low carbon power for tie backs and future fleets of autonomous AUVs [autonomous underwater vehicles]"
EMV Capital led the pre-series A round to support product development and partnership activities in 5G and satellite communications.
"We are very pleased to have supportive investors who understand the value of semiconductor-based hardware. This funding will be used to complete the development of our core RF technology platform. It will also support our activities with an ecosystem of corporate partners who share Sofant’s belief that RF MEMS will disrupt the market for high frequency SatCom and 5G antenna applications. It is a very exciting time for Sofant, and we look forward to working with our partners to change the way high frequency antenna systems are designed and built."