Case Studies

Autonomous Drone Operations for Critical Infrastructure Pioneering UK Tech Firm Attracted Major Investment

A Leeds-based company whose technology could replace dashboard controls in cars and transform the way we operate appliances raised a further £3m to help prepare for mass production.

Founded in 2017 by a team of AI researchers with a mission to empower everyone to make high quality video content – Synthesia now serves more than 55,000 companies worldwide.

PEAK:AIO, a Manchester-based software company building ultra-fast storage systems for AI workloads has received a £5 million funding round.

Tokamak Energy is developing fusion energy technology, which is set to provide a limitless, clean energy source.

Business energy consultants Troo, based in Sunderland, secured a seven-figure investment from NPIF II – NEL Debt Finance, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding will enable the next phase of growth through cutting-edge technology and talent development.

Launched in 2013, Cambridge Innovation Capital (CIC) invests in deep-tech and life sciences businesses that have a connection with the Cambridge ecosystem.

Talion Cyber Security, a leading managed security service provider (MSSP) forged out of BAE Systems, has raised £2m from existing backers including NPIF - Mercia Equity Finance, which is managed by Mercia as part of the first Northern Powerhouse Investment Fund, and Crown Investments.

aXenic, a leading manufacturer of advanced optical modulators used in satellite communications, has secured a £500,000 investment to support its continued growth following global demand for its technology.

Manchester Startup Finds Sweet Spot in Global Insurance Market. Veridox, an AI-powered fraud detection platform, has secured £1,000,000 in funding led by Outward VC, an early stage venture capital fund backed by the Enterprise Capital Funds programme.

A Lancashire communications tech business raised a seven-figure investment from the Northern Powerhouse Investment Fund II (NPIF II).

Frontier Space, a trailblazer in commercial microgravity research and in-space bio-manufacturing, secured a £75,000 loan facility from Sprk Capital to improve cashflow while delivering on a high-profile UK Space Agency project. The funding, backed by the British Business Bank, allowed the business to maintain momentum on its ground-breaking autonomous laboratory platform, culminating in the successful launch of its SpaceLab Mark 1 demonstrator aboard SpaceX’s Bandwagon-3 mission.

David Newman is Founder and CEO of Firenze, a Manchester-based fintech on a mission to democratise access to Lombard lending - an investment-backed credit product traditionally reserved for high-net-worth individuals, backed by Outward VC through the British Business Bank’s Enterprise Capital Funds (ECF) programme.

The entrepreneurs behind two of the UK’s most successful hospitality tech businesses have joined forces to launch a new venture that aims to reshape hospitality recruitment.

Founded in 2014 and based in Bootham, York, Trustist is an innovative digital reviews platform helping businesses maximise the impact of their online reputation. With a £250,000 loan through the Growth Guarantee Scheme, Trustist is scaling up its technology, marketing, and team, and redefining how businesses use customer feedback to grow.

A UK start-up that aims to win the race to develop the world’s first ‘memory safe’ computer chip has raised £2.5m in a funding round led by Mercia Ventures.

A UK company whose simulation software enables medical staff to train to use laboratory equipment and troubleshoot problems has raised a further £1m.

In this video, Dan Brookman, CEO & Co-Founder of Airship & Toggle, talks about raising equity finance from the first Northern Powerhouse Investment Fund and how the investment allowed them to exit the business.