skip to primary navigationskip to content
 

ideaSpace Alumni close three funding deals in a week

last modified Jun 26, 2017 03:16 PM
£4.3m raised in an exceptional 7 days for SyndicateRoom

Crowdfunder and ideaSpace Alumni SyndicateRoom, have just secured three deals worth £4.3m in just one week. The first two represented the closure of two lift rounds for Peptinnovate and Alert Technology. SyndicateRoom negotiated an exclusive offer with the companies, whereby its members could participate in the equity rounds. Just ahead of that double whammy Cambridge-based Pekama closed an overfunded round.

Peptinnovate raised £2.7 million, Alert achieved £1 million and Pekama secured £600,000 in a spectacular UK hat-trick for the young businesses involved.

Lead investor and equity funding scheme, Discovery Park Technology Investments LP, contributed to each round.

Managed by NCL Innovation and supported by Kent County Council and the Regional Growth Fund, the company is committed to helping cutting-edge science and technology firms get their products or treatments to market.

Peptinnovate is a drug development company developing animmune regulating therapy for asthma. Richard Nagle, CEO, Peptinnovate, said: “Peptinnovate’s products have the ability to significantly advance the control and management of moderate to severe chronic inflammatory diseases, with the potential for immune regulation and remission. We wanted to raise additional capital to accelerate the development of our lead asset through clinical trials.”

Alert Technology has developed a portable real-time warning device which help minimise the risk of unintentional exposure to deadly airborne asbestos fibres in workplaces. The device, named ALERT, is said to be the world's first warning device able to distinguish between asbestos and non-asbestos fibres.

Founder and MD Alan Archer said: “Despite the fact that asbestos is a category one human carcinogen with no safe level of exposure, disease caused by asbestos is a global and growing issue. Included in more than 3,500 products around the world, asbestos affects a wide range of industries, from all types of construction through the schools and government buildings.

“We were looking for a sophisticated investment platform which connect us to ambitious investors and SyndicateRoom has provided just that.”

Legal technology company, Pekama's digital platform connects lawyers from different jurisdictions all over the world, providing them with the data they need to make decisions to optimise revenue streams, helping them build a more sustainable, and profitable, business.

Gonçalo de Vasconcelos, CEO and founder, SyndicateRoom said: “We’re seeing an ever-increasing number of companies coming to the SyndicateRoom platform for lift rounds and overfunding. These ‘top-ups’ are attractive to investors as they carry the certainty that the funding round is already complete and has had strong interest from others.

“There is also a real benefit to companies as they are able to extend the amount of capital raised quickly and easily via the platform. Importantly, we’re offering choice, for both members and entrepreneurs.”

RSS Feed Latest news

LESSONS FROM A FOUNDER: Taking Your Technology to Market with Scott White from PragmatIC

Mar 14, 2019

Scott White, ideaSpace alumni and serial entrepreneur is CEO of PragmatIC. PragmatIC produces sheets of flexible integrated circuits (FlexICs), extending the reach of electronics into markets unfeasible for silicon for reasons of form factor and/or cost. Printed electronics is one of the world’s fastest growing technologies, representing enormous potential in interconnected devices. In recognition of British Science Week, we spoke to Scott about the company’s journey from a technology-based concept to the production of commercial products, and asked his advice about taking a new technology to market.

LESSONS FROM A FOUNDER: Basics of Building a Business - IP with Christian Bunke

Feb 28, 2019

With the next B3 event coming up in the next few weeks, we thought we’d take a look back at some previous B3s and learn more about what it takes to build a business. But first – a bit about B3. Our Basics of Building a Business event, or B3, is hosted by a Founder who has successfully scaled their business. They invite the three people who proved vital in helping them along the way to share what they did, how they did it and so much more on what you need to do to go from start up to scale up. Late last year Adam Durant, CEO of Satavia and alumni of ideaSpace, was our guest founder for the evening and invited along Christian Bunke of Basck - an IP Firm focused on working with startups. Here’s what he had to say…

Spotlight on Mursla

Feb 03, 2019

Cancer is one of the most challenging global issues an entrepreneur could choose to tackle. But Pierre Arsène and Victor Serdio are doing just that with their company Mursla. Based at ideaSpace West, Mursla is developing a breakthrough technology for early cancer detection using liquid biopsies, offering a less invasive and more responsive approach to diagnosis, treatment and cure. To mark World Cancer Day on the 4th February, we asked Pierre to explain more about Mursla and the bold ideas and enthusiasm driving this bright company.

LESSONS FROM A FOUNDER: What's Your 2019 Startup Goal?

Jan 30, 2019

For many of us, a new year often starts with an optimistic resolution to change – join the gym, write a book, travel perhaps. But if you’re running a startup, January is a great time to assess your company’s development and set fresh goals for the coming year. We asked four founders at ideaSpace to reflect on progress and share their area of focus for 2019.

GeoSpock Lands £10 Million in Additional Funding 

Jan 09, 2019

ideaSpace alumni and extreme data specialists, GeoSpock, have secured an extra  £10 million in funding. The latest round was led by Cambridge Innovation Capital (CIC) jointly with Parkwalk Advisors and Japanese firms Global Brain and 31Ventures. Japanese data tech company KDDI Supership joined as a strategic investor. Investment was also secured from existing investor, Jonathan Milner.

View all news