The funding round was co-led by Bayes Entrepreneurship Fund, Juno Capital and The FSE Group.
"We’re very excited to announcethis new funding as we embark on a significant new stage of our growth plans. Toreceive backing from such reputable and experienced investors is a huge testamentto our vision, technology and team. We strongly believe our automated business-centric approach to controlling data access and sharing is the only way thatenterprises can truly control access to their data. With this funding, we are trulysolving the ‘who has access to what’ problem, on a global scale."
The Berkshire-focused funding will support platform expansion alongside the appointment of new chair David Grundy.
"OpenBlend has always had a forward-thinking approach to performance management. Placing the employee at the centre of performance conversations is both logical and effective in driving high performance. Whilst the last 15 months has rocked many aspects of our working lives, the silver lining is how its accelerated the mindset in recognising ‘the human’ in high performing workforces. It’s how it should have always been and I’m thrilled with the outcome. Our time is now, the workplace needs OpenBlend and we very much look forward to scaling the business with the support of FSE."
The Warwickshire medical technology manufacturer has raised £250k in debt financing through the Midlands Engine Investment Fund.
"Health statistics tell us around 12 million women in North America and Europe start out trying to conceive each year. Of these, 4 million end up trying to conceive for 6 months or more, with a further 2 million moving on each year into the clinical segment. Securing additional funding is a significant step towards continuing to support women and their partners through a highly emotional journey. We would like to extend our thanks to Paul, at the FSE Group, for taking us through the process of securing finance from CBILS and MEIF – enabling us to help the business to navigate the impact of COVID-19 which will help us through these difficult times, maintaining key staff whilst continuing with key research to help us develop our product offering."
The Leicestershire food safety technology business raised the seed investment from The FSE Group Debt Finance Fund via the Midlands Engine Investment Fund.
"Every food service business knows and understands the importance of health and safety. I am passionate about making the complex world of food safety legislation as simple and cost effective as possible. Our aim is to become the leading "one stop" food health and safety consultancy, compliance, training and digital safety management company within the food hospitality sector. Having successfully secured the funding, we can confidently grow our business to the next level to achieve this."
The company secured capital led by The FSE Group to scale its protective cycle wear business.
"It was a real pleasure to work with Chris and the team. Being a regular road cyclist myself, I could immediately see the appeal of ArmaUrto’s high-quality products that address a clear market gap. Road cycling is a ‘hot sector’ for investment and Cornwall is becoming known as a popular location for a number of top cycling brands. We’re excited to be supporting ArmaUrto’s high-calibre management team on their journey."
