News
OnCare, a software company that can store digital files on patients, as well as send alerts and text message updates, has closed a £550k Seed, with investors including Founders Factory and Angel investors Alex Chesterman (founder and CEO of ZPG Plc) and Simon Franks (founder of LoveFilm and Redbus Group).
The company, which was founded in 2017, will use the funds to develop their software and expand internationally and within the UK.
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Mercia Fund Managers has been awarded the £27m Venture Fund to support businesses across the region as part of the £120m North East Fund as they seek to address the current imbalance in available capital across the UK.
Mercia will be opening a new office in Newcastle, which will be its ninth office in the UK, and the fund will be available to SMEs across Durham, Northumberland and the Tyne and Wear area.
The Venture Fund will be investing in rounds up to £1m and will be targeted at businesses at any stage of their development.
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Yupmingo, a food intelligence platform, has raised £1m in a Seed round led by Formula One boss Ross Brawn.
The London-based company was founded by Gary Goodman in 2016. Yupmingo focuses on gathering feedback and reviews from diners when they pay, to allow restaurants to better tailor themselves to their customers.
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Aula, an EdTech communication platform, has secured £2.93m in Seed funding, led by investors Project A, Brighteye Ventures, and Sunstone with participation from existing investors including Nordic Makers.
The company was founded in 2016 by Oxford University students Anders Krohn, Adrian Franklin and Oliver Nicolini, who had the idea after they were dissatisfied with their own experiences as students.
Aula provides a communication platform that replaces emails and Learning Management Systems and thereby allows better teaching and greater student engagement.
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Natalie Massenet, founder of Net-a-Porter, has teamed up with venture capitalist Nick Brown to launch a £52.2m fund for retail businesses.
The fund is called Imaginary Ventures and will invest in early stage businesses at the intersection between retail and technology.
The fund is initially investing in Farfetch, of which Massenet is co-chair, cult beauty brand Glossier, Khloe Kardashian's denim line Good American and pop-up shop marketplace Appear Here, among others.
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Oval Money, a UK savings app, has manged to raise £1.3m – with the majority of money coming from crowdfunding via the Crowdcube platform.
The company, which was founded in 2016, will use the funds to help launch a feature within the platform for people to invest their money in its multi-sided marketplace for savings and investments products.
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Instabridge, a Wifi sharing community and mobile app, has managed to raise $3m in funding. The round was led by Luminar Ventures with participation from previous backers Balderton Capital, Draper Associates, Moor and Creandum.
The Swedish company, which was founded in 2012, will use the money to expand in Asia, focusing primarily on India.
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Chargifi, a wireless charging company, has managed to raise £5m. The investment was led by Accelerated Digital Ventures, with other investors including Hewlett Packard Enterprise and firstminute capital.
The company, which has its headquarters in London, will use the funds to expand its growth in the US and Asia.
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Beautystack, an app that helps beauty professionals connect with customers via images of the finished treatment, has raised $1m in Seed funding from early angel investors including LocalGlobe, Mark Sebba, David Rowan and Julien Codorniou.
The company - founded by Sharmadean Reid (founder of WAH Nails), Dan Woodbury and Ken Lalobo - will use the funds to continue developing the platform and launch a mobile app this summer.
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Streetbees, a global intelligence platform with over 1 million users, has managed to raise $12m in Series A Funding. The round was led by Atomico along with other investors including LocalGlobe, Octopus and BGF Ventures.
The funds will allow the London-based company to further advance its core machine learning technology, to expand its data science team, develop its global community networks and grow in the US - where it opened an office in January 2018.
To read more, click here.