Newable Ventures Scale-Up Fund 3 completes Thingtrax Investment

Newable Ventures Scale-Up Fund 3 completes Thingtrax Investment

The Newable Ventures’s Fund has successfully led a £1.3m investment in Thingtrax. Newable participated alongside Superseed Ventures and angel investors. Thingtrax is an AI and IoT smart factory solution founded in 2015 to help manufacturers transform the way their labour, processes and machinery connect. The company uses custom hardware sensors and proprietary software over a … Continued

Newable Ventures – The Month That Was

Portfolio News Sphere Fluidics raised a £30m Series A round Congratulations to Newable Ventures investee company Sphere Fluidics on their £30m fundraise. The round was led by Sofinnova Partners (Paris, France) and Redmile Group (San Francisco, USA) and will enable Sphere Fluidics to expand the Company’s international sales activities in key markets and improve its … Continued

Newable Ventures Investee Company, Sphere Fluidics Raises £30m Series A Round From International Investors

Sphere Fluidics, who have developed and commercialised a single cell analysis system underpinned by its proprietary picodroplet technology, has announced that it has closed a $40m (£30m) investment round. The round was led by Sofinnova Partners and Redmile Group. Sphere Fluidics will use the funding to enable the expansion of the Company’s international sales activities … Continued

Newable Ventures Portfolio and Technology News

Portfolio News RAB Award RAB Microfluidics (RAB) was a winner of the £23m Clean Maritime Demonstration Competition run by Innovate UK on behalf of the Department of Transport. As a result, the company will work with project partners Caledonian Maritime Assets and Northlink Ferries on integrating their Oil Condition Monitoring solution to optimise engine performance … Continued

The Month That Was August 2021 – Newable Ventures Portfolio News

Echion Technologies Echion Technologies, the Sawston-based developer of next-generation materials for lithium-ion batteries, has raised £10m in a Series A funding round. The round has been led by CBMM – the world’s leading supplier of niobium products – and BGF, the UK and Ireland’s most active investor of equity capital in growth companies. The University … Continued

Supporting the Space sector with advice and investment

Newable has been supporting UK businesses for almost 40 years, through the provision of Money, Advice and Workspace. In 2020 alone, we supported over 43,000 business all at different stages of business development. In many cases, businesses will come to us at different stages of their business journey, whether they’re launching new products and need … Continued

The Month That Was July 2021 – Newable Ventures

Ventures Frenzy In the first six months of 2021 technology startups raised nearly $300bn globally, almost as much as in the whole of 2020. That money helped add 136 new unicorns between April and June alone, a quarterly record, according to CB Insights, a data provider. Compared with the same period last year the number of … Continued

Space to grow – Newable invests in two Space Technology startups

PlanetWatchers provides analytics as a service (AaaS) to the crop insurance industry. Founded in 2016, by former Israeli military intelligence officers, they saw the potential for the use of Synthetic Aperture Radar (SAR) in commercial markets. By possessing such a deep understanding about SAR, the founders identified that by applying SAR based analytics to the … Continued

The Month That Was June 2021 – Newable Ventures

Space City Seraphim Space Investment Trust will become the world’s first listed space tech fund, ahead of a £180m IPO on the LSE later this year. Seraphim is one of the world’s leading investors in space tech after launching the Seraphim Space Fund in 2016. The trust is a newly established closed-ended investment company, which … Continued

The Month That Was May 2021 – Newable Ventures

Chip Shortages Global semiconductor chip shortages showed no sign of easing, creating geopolitical tensions between China and America, and hitting technology companies’ bottom line. So integral are semiconductors nowadays they help power cars, washing machines, computers and phones, propelling worldwide semiconductor revenues to $448bn in 2020. With the sooner than expected role out of COVID-19 … Continued