Scotland's national economic development agency operating as a non-departmental public body to foster business innovation and scale.
The financing will support clinical material manufacture and preparation for regulatory studies ahead of a target marketing authorisation application.
"This additional funding represents strong continued confidence in our technology platform and our progress towards commercialisation. The support from Archangels, Scottish Enterprise and BBB Investments is enabling us to advance our clinical and manufacturing capabilities as we work towards regulatory approval."
The funding round includes backing from prominent angel investors and will support growth in the UK and US markets.
"We have seen first-hand that most enterprises are losing revenue through tech skill shortages, with the rise in AI accelerating that challenge. By combining internal employees, external freelancers and pre-built AI Agents our technology is helping tech leaders fill skill gaps quickly."
The investment round includes participation from Souter Investments, Lanza techVentures and Scottish Enterprise.
"Approov is a leading innovator in mobile app and API security with proven applications in multiple target sectors. With their strong IP and the growing demand for API-level defences across the industry, the business is uniquely positioned to lead this next era of mobile security. We look forward to working with Ted and the team to drive the business forward at such an exciting point in the company’s growth journey."
The remote work platform has landed fresh funding and appointed three new board members to scale its operations.
"With Alison guiding our international rollout, Scott shaping our tech strategy, and Daniel bringing a proven track record in tech innovation, strategic development, and digital transformation, SWURF is positioned to grow with purpose and precision. Their leadership is a game-changer as we take SWURF to new markets and new heights."
The oversubscribed round was led by Stolt Ventures with backing from Scottish Enterprise and Aqua-Spark.
"Our customer is at the heart of everything we do, and this investment allows us to meet the needs of farmers globally by expanding our portfolio, hiring top talent, and deepening our data capabilities. Having the backing of Stolt Ventures represents a pivotal moment in Ace Aquatec’s mission to revolutionise the aquaculture industry through welfare-first innovation, while providing vital employment opportunities. Stolt Ventures represents the perfect strategic fit given Stolt-Nielsen’s leading position in Stolt Sea Farm. This investment, alongside Scotland’s national development agency Scottish Enterprise, will ensure strong local support for the team which has drive, innovation and ambition to be a global player. Our incoming investors complement our existing shareholder group, particularly Aqua-Spark, who continue to provide long-term support for the business"
