Deals of the week from February 7 to February 11 – a round-up from GrowthBusiness
Numan swells with £44m Series B
numanthe digital men’s health platform, has raised $20m (£14.8m) from Capital of Kreos. It completes a $60.1 million Series B funding round, led by White Star Capital, with participation from Novator, VNV Global and Anthemis Exponential. Numan provides men with online access to medical professionals, prescription medications, home blood tests and holistic health advice.
Speed picks up with £19m Series B round
Fintech of the insurance sector PSP Speed closed a $26m (£19.2m) Series B round led by Octopus Ventures next to Digital investments in Hannover and angel investors, including former Worldpay CEO Ron Kalifa, author of the Kalifa Review. Vitesse is already used by 70% of insurers in the Lloyd’s of London market, as well as new insurers such as BoughtBySeveral animal insurance.
Orthox Holds £9m Series A Funding Round
Orthoxwhich is developing implants to repair damaged knee cartilage, has closed a £9.2m Series A funding round. Walk led the round, joined by existing shareholders Oxford Technology & Innovations EIS Fund and Perivoli Innovations as well as new investor Additio Investment Group. The funding will be used to support further clinical trials of its lead product, FibroFix, in hospitals.
Paleo Ridge swallows £2m investment
Raw dog food brand paleo crest raised a £2m investment from a private equity firm Ashridge Capital. The money will be used to open a new manufacturing and shipping plant, creating 20 new jobs at its Hampshire headquarters. Paleo Ridge has recruited over 20,000 customers for its raw dog food over the past seven years.
FoodDocs signs £1.8 funding round
Food Docswhich uses AI to help businesses comply with food safety rules, raised £1.8m in a round led by Bonnier Ventureswith Term venture capital and spring capital join an existing investor United Angels VC. The company claims its technology makes compliance 500 times faster than the traditional method and saves food businesses 20% of their time to stay compliant.
Peequal causes a stir with £250,000 investment
equalthe UK’s first female urinal has raised £250,000 in its first funding round via British Design Fund and angel investors, including Monzo co-founder Tom Blomfeld. Female urinals are 6 times faster to use and produce 98% less carbon than traditional toilets. The urinals are set to be installed at several major festivals this year.
More deals of the week
Deals of the week Jan 31 – Feb 4 – a roundup from GrowthBusiness