Techstart Ventures is a venture capital fund manager operating in Scotland and Northern Ireland.
The pre-seed round was led by Techstart Ventures to support team growth and product development.
"The digital economy is 22% of global GDP and yet it’s an inside joke that software and IT projects often overrun. Studies have shown that two-thirds of projects have planning failures. That’s a trillion dollar collective failure of our industry."
The investment round was led by Archangels, with co-investment from Par Equity, Techstart Ventures, and ESM Investments.
"We are very pleased to have the continued support of our seed investors who have helped us shape and scale this revolutionary business from an idea to commercial launch ready. With this latest round of investment, we are scaling up commercialisation and production of Gii. We have now successfully launched our first product, Gii-Sens, into our beachhead market of Human Diagnostic Biosensors. Ultimately, this funding round will enable us to capitalise on being first to market world-wide with high performing, cost effective, application-specific 3D Graphene Foam, enabling better products."
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."
Techstart Ventures led the round with backing from Active Capital and Ankur Nagpal.
"Online summits have been a tool for digital marketers to share knowledge, but it’s always been complicated and cost-prohibitive for most entrepreneurs,"
The Belfast start-up gains official backing to bring its LipRead and SRAVI communication products to market.
"We’re always excited to see how the companies we’ve worked with continue to grow and innovate producing cutting edge research. Liopa is doing some critical work and using their research to provide solutions in a particularly challenging time. We’re pleased the team are getting the funding they deserve to continue this work."
