The South West Investment Fund is an initiative designed to provide equity and debt finance to growing businesses across the South West of England.
The investment forms part of a £1m round backed by The FSE Group and Waterspring Ventures.
"This funding is allowing us to invest in key activities to accelerate our growth trajectory and solidify our position in the market. Planned developments mean we can continue to provide customers with unparalleled insights at exceptional value. We are excited to partner with The FSE Group and South West Investment Fund as we continue to expand our capabilities and enhance our platform."
The funding round was backed by the South West Investment Fund, Oxford Innovation Finance and Cambridge Angels.
"The biodiversity collapse is one of the top global risks identified by the World Economic Forum, with over half of the world’s GDP relying on nature. Our technology addresses the urgent need for accurate, scalable, and unbiased biodiversity monitoring around the world. This investment will enable us to enhance our platform and expand our reach, helping industries and government bodies make informed decisions backed by solid data."
The funding round includes over £890k from the South West Investment Fund via The FSE Group.
"This funding marks a pivotal milestone in NML’s journey, enabling us to accelerate our growth trajectory, expand our product offering and further penetrate the industrial market. The FSE Group has been working alongside us to help secure co-investors in a challenging investment market and we are grateful for their belief in our game-changing technology and the support of the South West Investment Fund."
