Singular led the Series A investment alongside existing backers Credo, Playfair, and Techstart Ventures to fund team expansion and international growth.
"If we are going to deliver the energy transition required in time to meet global climate goals, we need to completely rethink worldwide energy infrastructure – transforming what we have, but also building considerably more, and doing so at an unprecedented pace. The best way to do that is to work smarter, not harder – as highlighted by the UK Electricity Networks Commissioner, automated infrastructure planning processes, such as those that we provide, have a big part to play. But the impact of technology needn’t be limited to the planning stage – we’re excited to bring its transformative power to developers throughout the development process as we continue to grow with this new funding."
The financing was backed by Delin Ventures, AlbionVC, Playfair Capital and 11.2 Capital to support international growth and research programmes.
"We developed the uMed platform to help healthcare professionals more easily and efficiently run patient research and targeted care programmes at scale, improving outcomes for patients by mitigating care gaps and accelerating research. Our groundbreaking patient cohorts give researchers access to unique data and insights, accelerating development and access to new therapies, while dramatically reducing the cost of finding, engaging and collecting prospective data from patients."
The funding round was led by KOMPAS VC to support manufacturing expansion and further research and development.
"What makes Material Evolution different is that we don’t believe it will be one material that saves the world. We believe that to rapidly scale across the industry we need to have localised material sources. We have created a product that not only produces lower emissions but is also lower in cost and has a higher performance. There is no silver bullet solution, but we believe that by decentralising cement production and using previously inaccessible waste we can scale our solution on a global level and truly change the cement industry."
Playfair Capital led the seed round with participation from Entrepreneur First.
"The magnitude of the skills-gap crisis is astonishing. More than half of companies around the world cannot find the skills they are looking for. Many companies are responding by adopting a new operating model for workforces; one that sees skills as the fundamental building blocks of work. But up until now there was no coherent technology solution to support such a transition. Spotted Zebra changes that! We power skills-based organisations,"
