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 becomes first non-bank lender to be accredited under UK Export Finance’s General Export Facility programme

This makes Newable the first non-bank lender to join the initiative which includes five existing lenders; HSBC, Santander, Barclays, Lloyds and NatWest. The export finance scheme was launched in December 2020 and was first available in March 2021, designed to provide exporting SMEs access to working capital to support through their COVID-19 recovery journey. Announced … Continued

Bold to unveil vibrant Manchester “Space-as-a-Service” community

Totalling 13,731 sq ft, the beautifully designed new space will provide entrepreneurs, creatives and SMEs the environment they need to flourish with flexible memberships, private spaces, communal areas and events that foster collaboration. There will also be a café serving Bold’s proprietary coffee and tea blends, as well as access to capital, advice and mentoring. … 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

The Internationalisation Fund

What is the Internationalisation Fund? Launched in December 2020, the Internationalisation Fund provides match-funded grants between £1,000 and £9,000 to use for future business activities (subject to eligibility and availability) aimed at helping SMEs grow in new international markets. To secure a grant, businesses will need to fund a proportion of the costs themselves. These … 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

Newable Capital invests in Weldfast UK Limited

The company was founded in 2006 by twin brothers Steve and Nigel Nixon with the vision to offer the largest range of safe and proven Welding related products to its UK clients. Weldfast has steadily enhanced its offering through the acquisition of the assets of a number of established competitors and securing numerous sole UK … 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

Newable Capital invests in leading software provider

Founded in 1992, and based in Bath, Dancerace offers a best-in-class receivables finance software operating system, along with training, consultancy and support services to help customers get the most value from their software. Focussed on the mid-size/independent receivables sector, the company serves a third of the total receivables market in the UK and Australasia, plus … Continued