The funding round was led by company founder James Dickson alongside high net worth investors and The FSE Group.
"We are thrilled to have completed this funding round following our successful MBO. Our wholesale division is experiencing an unprecedented level of growth, and we’re very pleased to have welcomed several new 5-star hotels to our client base in recent months. With Andy Phillips appointed as CEO, and David Read as Chairman, we believe we now have the best possible platform to scale the business."
The Birmingham technology company secured the follow on debt investment from the Midlands Engine Investment Fund to support job creation and digital marketing.
"At Learning Labs we believe that every child and young person across the UK deserves to be getting the best from their education experience. Our product supports teachers in unlocking the potential of non-native-speaking students without the need for time and budget resources that many schools and colleges do not have. With this MEIF loan, FSE has provided the right funding at the right time to support this next phase of our growth as we continue to develop our offering, expand into the FE market, and further scale the business."
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."