University of Birmingham spinout secures £800k for point of care diagnostics platform pharmiweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pharmiweb.com Daily Mail and Mail on Sunday newspapers.
Submitting.
Zumo, the Leith-based digital currency and payments platform, raised £1.4 million while Blackford, an insurance brokerage with offices in Aberdeen, Edinburgh, Glasgow and London, secured £800,000.
Zumo has appointed its first chief technology officer to lead its plans for product launches later this year. Tim Sabanov, who was previously lead technical architect with Zumo, assumes his role immediately.
The fresh capital will allow both businesses to fund their growth through the pandemic and provide “solid financial footings” for the future.
The investment follows Murray Capital’s participation in another Future Fund cash injection, in a company called CloudNC at the end of 2020. Based in Chelmsford, CloudNC is a UK precision engineering firm which has introduced a “ground-breaking” AI-based (artificial intelligence) approach to manufacturing.
Moo battles Covid sales slump Jo Francis Thursday, January 14, 2021
Sales at luxe online print specialist Moo collapsed by nearly 80% as the pandemic struck last spring, and the previously fast-growing business was forced to take rapid restructuring actions in order to survive.
Moo: demand tanked as business meetings, travel and conferences all ceased
In its financial results for 2019, just filed, the group outlines how the impact of Covid-19 had a dramatic effect on its operations.
In stark contrast to industry peer Moonpig, where the pandemic caused sales to boom, demand for business cards and Moo’s other business-related print services tanked.
Oxford spin-out Bodle secures Series A funding extension siliconrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconrepublic.com Daily Mail and Mail on Sunday newspapers.