Deals of the Week Nov 14 to Nov 18 – a Growth Business round-up  

By Dom Walbanke on Growth Business – Your gateway to entrepreneurial success

Carbon emission scoring platform raises £42.4m  

Climate-tech BeZero Carbon has raised $50m (£42.4m) in a Series B funding round led by Quantum Energy Partners. EDF Pulse Ventures, Hitachi Ventures, Intercontinental Exchange, Molten Ventures, Norrsken VC, Illuminate Financial, Qima and Contrarian Ventures also participated.  

BeZero Carbon allows individuals and businesses to buy carbon credits to offset their carbon emissions. Credits are rated from A to AAA, showing a low, moderate and high likelihood of achieving 1 tonne of CO2e avoidance or removal.  

Rewards app WeGift banks £26m  

Digital payments app WeGift has secured £26m in Series B funding. Element Ventures led the round with Clocktower Ventures, Volution Capital, CommerzVentures, Albion VC and SAP participating.  

London-based WeGift is a platform for brands to incentivise, refund and reward customers. It currently works with the likes of Amazon, Apple and Starbucks.  

Spinout making electronics greener raises £16m  

Cambridge Gan Devices (CGD), a semiconductor company and University of Cambridge spinout, has raised $19m (£16m) in Series B funding. Parkwalk Advisors, IQ Capital and BGF led the round with participation from CIC, Foresight and Martlet Capital. 

The start-up aims to make electronics as green as possible by using energy-efficient gallium nitride (GaN). CGD says it can cut power losses by more than 50 per cent and increase energy conversion efficiency to above 99 per cent.   

Quix feeling ‘appy with £11m  

Quix, a platform for building and running event-driven data apps, has raised £11m in a Series A funding round led by MMC Ventures. Project A Ventures and Passion Capital also participated.  

Quix has developed a platform that empowers organisations to build data apps in weeks rather than years by providing development teams with the tools, infrastructure and integrations they’d otherwise have to build themselves.  

Browser that removes need for tabs finds £3.4m  

SigmaOS, a macOS browser that allows users to personalise tabs, has raised $4m (£3.4m) in seed funding. LocalGlobe led the round, with Y Combinator, 7percent Ventures, Moonfire Ventures, Shine VC, TrueSight Ventures, Pioneer Fund, Venture Together and angel investors also participating.   

With Sigma OS, tabs can be grouped, snoozed or listed vertically, like a to-do list. The browser has only one window, with projects and resources organised into personalised workspaces. Users can choose and modify workspace templates to match their working style.   

£1m raised to help patients manage long-term conditions 

Health-tech Aide Health has raised $1.2m (£1m) in pre-seed funding led by Hambro Perks, with participation from Fuel Ventures, 1818 Ventures and APX.  

Aide is a digital platform that helps patients and their clinicians better understand and manage long-term health conditions. The service is currently being piloted by the NHS, supporting people aged between 18 and 75 with asthma or type-2 diabetes.  

Teen health app Luna feeling over the moon with £660,000 

Teen health and wellbeing app Luna has raised £660,000 in pre-seed funding from angel investors.

Luna helps teens better understand their bodies, demystifying issues that teens may otherwise be too embarrassed to raise. The app covers topics such as skincare, body positivity, gender, sexuality and mental health with videos, articles and shared experiences. It also has a section for users to anonymously upload questions for experts.

Open banking app Boodil rewarded with £525,000  

Manchester-based Boodil, an open banking payments app that rewards customers for their purchases, has raised £525,000 in pre-seed funding from angel investors.

Boodil sits on the checkout of merchants as an alternative payment solution. Customers are incentivised to utilise Boodil as their preferred payment method by earning points for their purchases, which they can later redeem for rewards.  

More Deals of the Week

Deals of the Week Nov 7 to Nov 11 – a Growth Business round-up

Deals of the Week Oct 31 to Nov 4 – a Growth Business round-up

Deals of the Week Oct 24 to Oct 28 – a Growth Business round-up

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