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Wednesday, May 22nd

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CleanTech firm scales up with £6.75m funding

Aveillant CEO David CrispCambridge technology that removes wind farm clutter from Air Traffic Control radar screens could be rolled out by the end of the year after startup Aveillant clinched £6.75 million fresh funding.

Evergreen angel spreads its wings

Peter CowleyThe Martlet angel investment vehicle in Cambridge UK is receiving inquiries from cash-hungry business and technology propositions from all around the world and anticipates having invested more than £1 million before the end of its second year of operation.

Domainex raising £1.5m

Domainex CEO, Eddy LittlerCambridge drug discovery company Domainex is raising £1.5 million to accelerate research by Big Pharma players in the epigenetics arena.

Healthcare equipment still high on the list for VCs

Dr. E. SaneeshIn a shaky economic climate, where fund raising has become tight and there are decreasing opportunities to exit the market, venture capital firms have become extremely cautious in choosing their investments.

Cambridge alerted to €80 billion robotics research cash

Iain Gray, chief executive of the Technology Strategy BoardRobotics technology specialists in Cambridge companies and the university have been handed a golden chance by the UK government to clinch significant funding for research.

Imperial adds lather to £3m software round

Susan Searle, CEO at Imperial InnovationsImperial Innovations, which has a burgeoning investment portfolio in the Cambridge technology cluster, has injected £1.5 million into Semetric, the firm behind global music analytics specialist, Musicmetric.

Cambridge funds back powertrain technology

Peter CowleyCambridge based innovation investors Martlet, headed by Peter Cowley, and Qi3 (led by Nathan Hill) were part of a syndicate that invested around £500k in a London engineering business developing diesel electric hybrid powertrain technology.

£1 billion Cambridge technology brain gain

Tony-Raven - Chief Executive of Cambridge EnterpriseScience & technology companies that have their research roots in Cambridge University in the UK have now raised more than £1 billion in funding.

Frontier claims £1.58m crowdfunding record for new game

Elite:DangerousCambridge UK games trailblazer Frontier Developments has raised over £1.5 million in a record-breaking crowdfunding campaign via Kickstarter.

Vital cash input for Cambridge technology venture

Jason Fitzpatrick (left) with Nic RumseyThe Centre for Computing History – one of the most exciting technology ventures in Cambridge UK – has received a significant financial donation from Haverhill Research Park.

Japanese giant invests in Cambridge biotech

Bicycle Therapeutics CEO, Rolf GüntherJapanese VC giant Astellas Venture Management has pitched into a £3.75 million funding round to boost the global growth plans of Cambridge UK biotherapeutics technology business Bicycle Therapeutics.

Gene genies backed with £0.5m from TSB

Kevin Mathews, CEO of IsogenicaIsogenica in Cambridge and Birmingham’s Aston University have secured funding from the Technology Strategy Board (TSB) for a £0.5 million project to develop a gene library assembly technology exclusively licensed to Isogenica.

Cambridge ‘fab five’ share £39m biomed funding

Iain-GrayFive pioneers from the Cambridge BioMed cluster and a sixth eastern region company based in Norwich are among 32 UK organisations sharing £39 million government funding to accelerate development of new healthcare technology.

Polatis secures £4m for global growth

Polatis-WeselPolatis, the performance leader in all-optical switch technology, has secured $4 million of debt financing through Clydesdale Bank to support the Cambridge UK company's continued global growth.

Clydesdale cash funds Masteroast expansion

From the left, Andy Fawkes (Masteroast), Marie-Anne Rogers (trainee buyer at Masteroast) and Steve Woods (Clydesdale Bank)An independent coffee roasting and packaging company is full of beans after securing £1million funding from Clydesdale Bank – enabling it to buy its 40,000 sq ft premises in Peterborough.

Debug technology wins £1m investment

UltraSoc co-founders, from left to right, chief technical officer Dr Andrew Hopkins, chief executive Dr Karl Heeks and chief scientist Professor Klaus McDonald-MaierGroundbreaking technology company UltraSoC Technologies has received an investment worth £1 million from Octopus Investments to roll out its new debug technology to major semiconductor companies throughout the world.

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