Aiming to prevent further deterioration and leakage of water and sewerage pipes, Aqualiner has developed their Melt in Place Pipe (MIPP). This patented technology consists of a sock insertion, which when heated, expands and melts onto the inner pipe and forms a solid glass-reinforced thermoplastic layer. This process can increase the longevity of existing pipes and is the only product of this type to be approved to be safe-for-use in drinking water pipes. The UK has more than 251,000 miles of water pipes, where almost 75,000 miles of pipes are classed as damaged.
Aqualiner firstly plans to sell the initial equipment in return for a small profit margin, but the materials and consumables used in the process will be sold to the licensed contractor directly as a second income stream. The third source of revenue is derived from fees charged to International territorial licensors for any Aqualiner sales.
The product has been developed with support from Anglian Water, Severn Trent Water and Yorkshire Water and is approved to be installed in US drinking water pipes.
days to go:
Expired
investment:
£642,471
Baanx is a Business to Business to Consumer (B2B2C) banking platform that is Application Programming Interface (API) driven and digital-friendly. It aims to become a contender in the digital asset financial services market that is expected to rise and expand to over 580 million people or 7+% of the world population by 2022. Baanx argues that it is disrupting the slow and expensive banking sector by leveraging blockchain to launch secure and low-cost banking products and services, with a few lines of code. Baanx offers its users 'Digital wallets' (via API or a custom mobile app), crypto-friendly debit cards in physical and virtual formats, and allows users to send fiat or cryptocurrencies to anyone in their contact list with 'zero' Foreign Exchange (FX) fees, through its proprietary software, TextBit.
days to go:
Expired
investment:
£9,500,000
BidSpace is a digital sales & account management platform for enterprise B2B. Using BidSpace, sellers create a secure, personalised, interactive, mobile & social experience built around their buyer to improve their relationship. Buyers see decreasing value in sales, struggle to stand apart from competitors in new pursuits & fail to retain & grow existing contracts. BidSpace gives improved relationship leading to better contract performance, enabling B2B sellers to win, retain & grow business.
days to go:
Expired
investment:
£170,246
Billon have created a technology that enables zero cost global payments by the use of a simple mobile app. Billon's mobile app allows you to instantly pay for the rest of an article from the Guardian or even donate to your favourite Youtubers with a few clicks of a button.
days to go:
Expired
investment:
£1,406,667
Helping insurance companies tackle fraudulent claims by using a combination of blockchain and artificial intelligence. BlockClaim aims to reduce the time spent by car insurers processing false claims, by performing data calculations on a driver and their driving behaviour. This information is fed into the BlockClaim system, which produces a fraud probability risk score.
BlockClaim's technology has been piloted by large insurance firms such as Admiral and Generali. The company's tool consists of a plug-and-play module that is integrated into existing systems used by insurance firms. Revenue is generated via a fixed fee per claim processed via BlockClaim’s product, as well as an initial set-up fee.
days to go:
Expired
investment:
£400,011
Caldera is a heat battery company that seeks to institutionalise zero-carbon energy solutions for the masses. It asserts that its 'Zero Carbon Boiler' is a direct replacement to an oil or gas boiler by providing low-cost renewable electricity as heat for later use on demand by the homeowner. The company asserts that the boiler consists of two elements. The first is Caldera's proprietary 'Warmstone Heat Battery' that can be charged by low-cost electricity from the grid, store that electricity for 24 hours and provide it on demand. The second is a 'Heat Interface Unit' (HIU) that replaces the existing boiler. Caldera believes that low electricity prices always tend to occur when the source of electricity is also low carbon. It will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£615,000
CareGREEN is an innovation company that has created a unique air pollution capture and storage technology with the aim to reduce harmful pollution in the atmosphere. Their latest product is the Environmental Air Purification Intervention & Control System (EAPICS). The technology has been accredited as a significant solution in reducing COx worldwide. A World Health Organisation (2016) report established that more than 80% of people living in urban areas face the greatest environmental risk to their health today due to air pollution. CareGREEN believes its specialised filtration systems will contribute to a considerable fall in health issues linked to poor air quality. It is also diversifying its reach in other renewable energy sectors such as solar and wind. The company will utilise the investment to scale its business.
days to go:
Expired
investment:
Withheld
Carnot is developing hydrogen engines with key components manufactured from ceramics able to withstand fuel combustion temperatures, eliminating the need for cooling systems and doubling the efficiencies of modern engines. The company argues that modern engines waste on average one-third of fuel energy to cool systems that stop metallic components from melting. Carnot claims that its engines eliminate this waste doubling efficiency, halve fuel costs and CO2 and achieve net-zero operation by operating on biofuels and hydrogen benefiting the long haul transport, marine and primary off-grid power markets. Carnot has raised over £600,000 including a pre-seed round in 2020 for £357,000 at a pre-money valuation of £2 million, a £300,000 Innovate UK grant and another £300,000 Eureka Eurostar’s grant. Carnot has a 5-year, 3-phase exit strategy and will begin licensing its IP at the end of 2023 at which point it will begin generating revenue. It will eventually look for acquisition from one of its manufacturing partners in 2025 after demonstrating industry acceptance of its technology.
days to go:
Expired
investment:
£262,500
Cyance is an award-winning marketing technology pioneer. Nexus is a software platform designed by the company to track the buying behaviour through billions of computers belonging to millions of businesses across the globe. This platform can track the consumed content and identifies customer interests and needs. The company's customers typically generate x3 more leads and x4 more sales. With the proceeds, Cyance will increase its marketing sales and improve product development to fund the general working capital.
days to go:
Expired
investment:
Withheld
Ensuring an organisation's activities are compliant with key regulations. Evidology is a software program that can be easily integrated into a business's existing infrastructure. The software will check the business's data against more than 40 local and international legislation's and provide a real-time report to management that will highlight whether the business is following compliance, or not.
Evidology's revenue model consists of a 3-year subscription package, in the form of a standard, or enterprise-level product. The company has tested their software within nine businesses, including HSBC. Evidology has predicted to break even as soon as 15 months, based on selling their product at a modest rate of 3 clients per month.
days to go:
Expired
investment:
£50,003
