£1.2M
The financing round was led by Eos Advisory with participation from Newable Ventures and Scottish Enterprise.
"We are revolutionising oil test ing and analysis services by making conventional laboratory procedures mobile, rapid and routine"
Scottish Enterprise
GovernmentScotland's national economic development agency operating as a non-departmental public body to foster business innovation and scale.
Recent investments
£1.8M
TravelNest secures £1.8m Series A follow-on funding from Silicon Valley Bank and Scottish Enterprise
Silicon Valley Bank and Scottish Enterprise have backed TravelNest to support staycation growth and product development.
"We are excited about the year ahead. The changing dynamics of travel play to our advantage and present a huge opportunity for TravelNest and our customers. Industry data shows that people are opting for holiday rentals over hotels, and there is also a marked shift in travel behaviour with more domestic travel and a preference for accommodation in rural rather than urban settings."
£330K
The seed round was backed by Scotmid Coop, Techstart VC, and Scottish Enterprise to fund platform development and recruitment.
"2020 sent shockwaves through the high street, and nothing will ever be the same. Having worked in retail for 20 years, this has made me even more ambitious with our plans for growth over the next 18 months."
Scotmid Coop + 2 others
£100K
Gabriel Investment Syndicate led the seed round to help take the company's technology worldwide.
"Our mission is to change the fitness tracking market for the better, by making professional running laboratory-grade technology accessible to all runners. In doing so, we’ll help people both improve their running and lessen the risk of injuries."
£1.0M
Techstart led the £1m round, which also drew backing from angel investors and the British Business Bank.
"We’ve had a great first year with over 300 e-commerce stores from 23 different countries choosing Machine Labs to increase their sales,"