every month i enjoy Reviewing Successful Equity Funding News In the West and wider South West of England. Drawing on data compiled by our friends beauhurstIt’s always interesting to see how many companies have raised funds. equity funding And to what extent. In May, 11 companies had success with equity funding across the South West, of which only two were in the West of England.
The 11 successful companies range from sanitation to gin, biotech to fintech and more. Between them he raised over £6.4M, but most of that has yet to be disclosed. In fact, only 3 companies have hit the headlines with their investment news this month:
- inclusive media solutions in North Somerset Bristol-based educational technology developer Autonomy has raised more than £400k in its latest funding round to further increase its support for vulnerable people in education and social care settings. The investment by Citi Funds, South East Angels, Bristol Private Equity Club and existing shareholders will help Autonomy expand its support for children and youth by providing further access to its services in schools and colleges, helping them in their journey. Help will come. Towards a more independent life. read more here.
- seztec Devon. medical equipment in Sagetec’s flexible, low-capex, modular system allows hospitals to capture waste anesthetic gas exhaled by patients in absorbent, reusable canisters in the operating theater. The firm is currently developing technology that would allow this gas to be recycled, purified and sold commercially. SageTech Medical Equipment Limited (SageTech) has completed a £2.9million Pre-Series A investment, which includes a £1.6million investment initiated by specialist venture capitalist EMV Capital. read more here.
- Burrington Estates in Exeter – On a separate note to our general technical focus, Beaufort Capital has completed a mezzanine finance facility for Burrington Estates to finance the construction of 40 family homes in Binfield, Berkshire. The mezzanine facility is combined with a senior loan loan provided by an undisclosed lender totaling approximately £15m. read more here.
In a few weeks (June 24) we will be hosting our second Quarterly Investment Briefing event of the year. If you are a startup or scaleup business looking to raise investments in Southwest, and you would like us to share your proposal with our community of investors, please Upload Your Pitch Deck or One Pager Here.
Oh and one last thing – in May, Beauhurst published this lovely run-down of Bristol and what makes it such a great startup ecosystem – Check it out here.
This article is written as part of the Investment Catalyst Program (IAP) in the West of England. This program is run by TechSpark and kindly sponsored by TLT LLP, Delaware, West of England Combined Authority, UWE, Sanderson, Engine Shed and Rocketmakers. Find out more about IAP: https://invest-southwest.com/
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