Luas Diagnostics (LD) aims to develop and market easy-to-use, rapid and accurate diagnostics tests with the aim of deploying these tests in remote settings away from centralised testing laboratories. The company has signed an exclusive distribution agreement with Chembio Diagnostics Systems (CDS) in the USA to market its Covid-19 antibody and antigen tests in the UK and Ireland. It has also signed a Memorandum of Understanding (MoU) with the University of Birmingham to develop saliva-based, rapid Covid-19 tests. LD is also working on coming up with a therapeutic drug monitoring system based on the same technology used worldwide to test people with diabetes for glucose levels in the blood. The company is developing the system so that it can be used at home, in pharmacies or GP surgery. The first product will test for Theophylline which is used to treat Chronic Obstructive Pulmonary Disease (COPD). LD will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£326,190
Orbital Marine Power aims to harness the energy flowing in tidal streams and rivers through its award-winning tidal turbines. Orbital's O2 turbine is designed to deliver enough power for up to 2,000 homes. The company's vision is to focus on providing turbines and services into a future £20 billion per annum utility-scale global market for clean and predictable power from tidal streams. Orbital is currently providing £15 million of funded design projects to refine its IP protected low carbon tidal technology in readiness to scale up and play its part in meeting the ever-increasing demand for clean power. It will use the investment to grow its business across different verticals.
days to go:
Expired
investment:
£2,595,231
Rightangled is a healthcare technology company backed by NHS England & regulated by the Care Quality Commission (CQC). It began its journey as a platform that would enable the use of genetic information within the medical practice, in an accurate, streamlined, and affordable way. It gradually established itself as a healthcare provider for screening and diagnostic services. Its Heart DNA Test project, launched in 2017, is helping patients minimize their cardiac risks and enabling doctors to have a complete risk profile for their patients. The project was appreciated and received funding from NHS England. Its next project, Fitness DNA Test, tapped into the fitness and wellbeing markets. Recently, in the wake of the COVID-19 threat, the company has developed a home-based throat swab test to detect the viral infection, by testing viral load presented in its nucleic acid material within (RNA). For its efforts, Rightangled has been featured on CNN, Sky News, LBC radio, Sky News radio, and Newsweek. With the investment, the company aims to release a mobile application by the end of 2020, and develop an AI system to give instant tailored health, diet, and fitness advice to its users based on the data gathered from patient-doctor interactions and patient responses.
days to go:
Expired
investment:
£522,689
Sook is a tech-enabled enterprise that maximises the utility of empty spaces by fitting them out with a digitally-enabled canvas which anyone can put any digital content onto. It has been hailed as one of Retail Week’s 'Top 10 Global Tech Startups 2020'. Sook delivered three sites with the fourth one on Oxford Street opening soon. The company is in partnership with landlords like Grosvenor, Legal & General and Derwent London. It is also the pop-up expert for Amazon’s 'Small Business Academy'. The company has onboarded noteworthy photographer and artist David Yarrow. Sook will use the investment to bring the UK's high streets back to life in a more sustainable form.
days to go:
Expired
investment:
£843,514
Doisy & Dam (D&D) is a confectionery challenger brand that produces a range of dark chocolate products. It claims that its products are sold across the UK and stocked by Amazon, Sainsbury's, Holland & Barrett, Ocado, Boots, and other global markets. D&D's products are created using ethically sourced cocoa, natural ingredients and contain no traces of palm oil. The company aspires to become a contender in the UK confectionery market that was worth £3.9 billion in April 2021. It further points out that people are aware of the health and the sustainability credentials of the products they buy. It intends to target this sentiment and become an established brand. The company states it has grown its sales to over £1 million and aspires to become the best dark chocolate confectioner in the UK. D&D state they will use the investment for marketing, expanding its product range, and growing its export business.
days to go:
Expired
investment:
£515,735
Power Transition (PT) is a specialist cloud-based software & hardware platform that enables every participant in the energy sector to dynamically track, optimise and balance their energy in real-time and at any scale, from micro-grids to national grids. It is currently focusing on the UK residential & commercial market that consists of 1.25 million meter readings daily, focussing on £1.5 billion of customers’ funds annually, and ensuring steady and reliable management of interconnections throughout the UK. In 2018, the company raised seed funding, matched by Innovate UK, which in turn is being used, to develop and deploy its technology in 47 homes in Corby. The company is implementing its PT integrated microgrid as a 'Service Platform' in houses in Corby using its Distributed Ledger Technology (DLT) Network. With the investment, the company plans to roll out its platform beyond the microgrid use case and is talking to commercial estates, local authorities, Distributed Network Operators (DNO), energy aggregators, and producers.
days to go:
Expired
investment:
£266,530
Symmetrical Power has developed an innovative solution that addresses the issue of energy wastage. After identifying the inefficiency of the 3 Phase Electrical Distribution Boards, Symmetrical Power is creating the ‘Intelligent Distribution Board’ (ID Board). It aims to prevent the challenge of peak demand whilst saving on energy bills. The working model of the product also received positive feedback from electrical specialists. Additionally, Symmetrical Power was also a Shell Springboard regional finalist (2018) for its new low-carbon ideas. With the proceeds, the company will complete design & begin distribution in Europe and to position itself as the go-to Distribution Board provider.
days to go:
Expired
investment:
£233,600
Classlist is a school community application used by parents to link up, organise events, and share recommendations. The company argues that messaging tools like WhatsApp can pose security risks, become cliquey, or turn negative. It aspires to change this situation via its app. Classlist asserts that its portal creates buzzing parent communities that lead to better pupil outcomes. The company points out that it is the UK’s biggest school-parent community app with over 300,000 users. Classlist has 15,000 volunteer-led school ambassadors. Its core business model is ad-funded, offering advertisers school-by-school access to a UK family market. The company's one-stop community management platform achieved global recognition at BETT’s 2018 trade fair. Classlist claims to have acquired schools in 14 countries from Singapore to New York with negligible marketing amidst heavy competition. Classlist will use the investment received to develop premium services and extend its leadership positions in the UK and global markets.
days to go:
Expired
investment:
£975,830
Handset Expert (HE) is a company on a mission to help a customer select his/her next phone or SIM card in a quick, cost-effective, and easy manner. HE claims to provide all the information customers need when buying a new phone and/or SIM and streamline every step of the process. In 2018, 28.8 million handsets were sold in the UK. 61% of consumers expect to buy a new phone in the next two years, and the advent of 5G will usher a new generation of devices. The company, having undergone a thorough test and build phase, believes that it is in a suitable position for a full launch with a comprehensive go-to-market plan in place. It has featured in publications such as The Guardian, The Sun and The Mirror, been recommended by MoneySavingExpert and received Ofcom accreditation. It will use the investment to grow its business across different verticals to become the UK’s go-to mobile recommendation service.
days to go:
Expired
investment:
£286,670
The Ethical Butcher (TEB) is a premium, sustainable and ethical online butcher on a mission to spearhead the craft meat revolution. It has partnered with farmers who practise regenerative agriculture and supplies premium quality meat to the restaurant industry throughout London. TEB claims that its meat is 100% pasture-fed and free from hormones and antibiotics. It has served 10,500 orders to 5,000 customers. TEB generated £789,000 in revenue and £141,000 in profit in 2020. TEB asserts that it has an ‘Excellent’ rating on Trustpilot, featured on news entities such as The Telegraph, The Times, and BBC Good Food, and claims to be the first and only online Pasture-Fed Livestock Association (PFLA) certified butcher in London. The company points out that it has 478,000 website visitors and intends to use the investment to accelerate the growth of its B2C business and scale its meat production.
days to go:
Expired
investment:
£1,592,648
