A financial institution focused on driving innovation and economic growth in Scotland.
The funding round was led by the Scottish National Investment Bank alongside participation from Par Equity, Orchard Venture Capital, and Scottish Enterprise.
"This is an enormous step forward as it will provide the funds necessary to execute significantly larger projects, which will in turn, grow the strength and diversity of our team."
The Scottish National Investment Bank led the Series A round to accelerate clinical validation and regulatory submission of the company's respiratory monitoring platform.
"We are delighted to close this round and thank both our existing investors and the Scottish National Investment Bank for their support,"
The Glasgow space technology start-up has raised £3.1m from investors including Space Capital and the Scottish National Investment Bank to scale its connectivity platform.
"We immediately saw the opportunity with R3-IoT, which is essentially Nest for organisations with remote industrial facilities. This is the right company at the right time that will benefit tremendously from new backhaul capacity coming online through low-Earth orbit satellite communications."
The funding package comprises a £20m debt facility from Santander UK and £12.5m in growth capital from the Scottish National Investment Bank.
"Santander is delighted to have provided M Squared with £20m of debt facilities to support their strategic buyout and future growth ambitions."
