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We’re thrilled to announce that CybaVerse has secured over £1.1 million in funding, fueling our bold vision for growth and innovation in the cyber security space. This investment marks a significant milestone in our journey to advance, expand our capabilities and allow us to continue delivering our top-tier cyber security solutions.

Backed by FSE Group, Haatch, Founder & Lightning, including FSE angel investors and the University of Sussex Business Angels group, this milestone highlights our momentum as it redefines the future of cyber security with the SaaS platform, CybaVerse AI. The funding will drive team expansion and accelerate development of the platform, with the company recently appointing three senior leaders to spearhead this exciting next chapter.

The new hires include esteemed technology industry veteran, Andreas Wuchner, who joins as Chairman. With over 26 years of cyber security experience, Andreas has held senior roles at global giants like Deutsche Bank, UBS, and HP. His remarkable track record at some of the world’s leading organisations brings a wealth of knowledge and insight that will be invaluable as CybaVerse continues to grow and push boundaries in the industry. Andreas’s leadership will play a key role in helping CybaVerse achieve its goals and further grow the company.

“I’m delighted to be a part of the CybaVerse team. I have been completely drawn to Ollie’s ambitions and goals and the company’s innovation and creativity, which I believe will significantly benefit the security community at large. Cyber security is the most critical challenge in the digital world and we must support SMEs with a more efficient way to defend against the threats they face, otherwise we will always be on the backfoot to adversaries. I believe CybaVerse is making strides in tackling this important issue and I am delighted I will be playing a part in helping them reach this goal with my skills, experience and network,” said Andreas Wuchner.

The CybaVerse team have also welcomed Juliette Hudson as CTO. Juliette brings invaluable technical knowledge and experience to the role, with previous positions including SOC regional manager at Kroll, plus previous technical roles at Bupa and Symantec. Additionally, Nicola Hartland also joins the team as a Non-Executive Director and Board Advisor. Nicola has worked in cyber and technology for over 20 years and she will use her vast experience to enhance relationships with clients and scale the company.

These new hires have been involved in the technology industry, each with a proven track record of driving growth, fostering innovation, and ensuring success for the businesses they’ve worked with. Now, CybaVerse is poised to leverage their expertise to elevate its customer experience, accelerate the evolution of CybaVerse AI with the help of Founder & Lightening, and propel the company’s growth to the next level.

“We love the fact that CybaVerse has significant traction and very impressive founders and board. They are the perfect fit for us as they already have product-market fit nailed and the love of their customer base. We will now support them to reach their next goals with tech and investment. We were very impressed with their ultimate vision to build a comprehensive SaaS-based cyber security management system tailored for SMEs. Cybersecurity is vital to the functioning of all companies and particularly poignant at the moment with the evolution of AI. It's really great to be working with Gemma, Oliver and the team. We're very excited for the journey ahead.” Says Matt Jonns, Ceo & Founder of Founder & Lightning.

CybaVerse has evolved from a boutique consultancy into an innovative and highly skilled cyber security managed services provider with CybaVerse AI leading the way for all industry types. With a team of experts skilled at solving the high-stakes and complex challenges faced by its clients, CybaVerse is redefining how cyber security is managed. The recent launch of its cutting-edge platform, CybaVerse AI, marks a major leap forward. Designed to simplify cyber security management for SMEs, the platform provides a unified view across their entire cyber landscape, boosting efficiency, enhancing project management, and lightening the load on in-house IT and security teams.

“It’s a pleasure to welcome Andreas, Nicola and Juliette to our growing team. With their rich technical experience and deep expertise in operations and leadership, they will be invaluable assets to CybaVerse. As we continue to develop CybaVerse and our platform offerings, I believe they each have the necessary skills and experience to help us realise, and surpass, our ambitions,” said Oliver Spence, CEO of CybaVerse.

We can’t wait to see where the next chapter of our journey takes CybaVerse, as we continue pushing the boundaries of cyber security innovation and helping our clients to thrive in a secure digital world with the use of CybaVerse AI.

Revolution-ZERO has secured £1 million equity from the South West Investment Fund via appointed fund manager, The FSE Group. The initial £1.6 million round, which includes funding from private angels, will help create 20 new jobs while supporting the overall growth of the business, which is based in Truro in Cornwall.

Founded in 2020, Revolution-ZERO is a medical textile solutions provider, with a strong emphasis on environmental, social, and economic sustainability. Initially focused on reusable masks, the company has since expanded to include surgical textile solutions and decontamination/sterilisation units equipped with an RFID tracking system.

Operating as a circular economy system, Revolution-ZERO significantly reduces the environmental impact associated with single-use medical textiles, including emissions, waste, water, and toxicity, while also lowering costs for healthcare providers.

Founder and CEO, Tom Dawson, said: "We are thrilled to receive this South West Investment Fund investment via FSE, which will not only accelerate our growth but also further our mission to provide sustainable and effective medical textile solutions. Our end-to-end service model has already shown significant potential in reducing single-use item dependency in healthcare settings and this funding will help us scale these solutions more rapidly."

The BCorp certified company secured accreditations required to supply the NHS in 2021 and has since experienced rapid growth, expanding to 23 staff and more than tripling turnover. With ambitious plans to achieve six operational medical textile processing units by 2026, rising to 24 by 2028, Revolution-ZERO aims to become a £25 million turnover business within the next three years.

Anna Staevska, FSE Investment Manager, commented, "Revolution-ZERO's innovative approach to medical textiles is a game-changer for the healthcare industry. By addressing critical issues related to supply chain vulnerabilities and environmental impact, they are setting new standards for sustainability in the sector. We are excited to support their continued growth and success."

In the UK alone, approximately 53,000 tons of single-use regulated medical textiles are consumed annually, costing the NHS more than £400 million. Revolution-ZERO aims to disrupt this market, which is valued at £405 million annually in the UK and £4 billion across Europe.

Paul Jones from the British Business Bank added: “Revolution-ZERO is transforming the medical textile industry, offering reusable solutions that significantly reduce environmental impact and cut healthcare costs. We’re pleased that the South West Investment Fund has supported the company at this pivotal time to help them scale up and grow.

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. The South West Investment Fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.

Business leaders, social enterprises, and Third Sector organisations from across the Cambridgeshire region gathered in Peterborough (19 September) to hear about two new local government initiatives worth nearly £9.5 million, aimed at supporting growth, innovation and regional economic and social prosperity.

The launch event, led by Dr Nik Johnson, Mayor of Cambridgeshire and Peterborough, and Cllr Anna Smith, Deputy Mayor of Cambridgeshire and Peterborough, provided an opportunity for attendees to explore how they can access loans, digital resources, and strategic support funded by Cambridgeshire and Peterborough Combined Authority and the UK Government.

The Combined Authority Business Growth and Social Impact Investment Fund represent a key part of the region’s economic recovery and transition towards Net Zero, building business growth, developing new infrastructure and increasing capacity within the Third Sector.

Mayor Dr Nik Johnson said: ‘By offering targeted support to local businesses and the Third Sector, we’re not just driving economic growth and creating new jobs, but empowering our communities to thrive and prosper. The resources we are putting in place today will fuel innovation and create lasting benefits for Cambridgeshire and Peterborough.’

Small-to-medium sized businesses within the region who successfully apply for the programme will be able to access loans and equity investments between £100,000 and £500,000 over the next three years, with a focus on key sectors such as IT, Life Sciences, Agri-Tech, Advanced Manufacturing, and Green-Tech. This investment is expected to create or retain around five hundred jobs and contribute to reducing the regions CO2 emissions.

Third sector, community interest and social enterprise organisations who are eligible for the programme will be able to access up to £100,000, with funding aimed at helping to create or safeguard eighty-five jobs, while delivering wider benefits for local communities through enhanced social impact and sustainability. Funding applications will be administered by Allia and FSE on behalf of the CPCA.

Cheryl Weeks, Head of Funds South East and East of England at The FSE Group, said, ‘We are delighted to be working alongside Allia to deliver the CPCA Business Growth and Social Impact Investment Fund. We look forward to working with the wider business support ecosystem and the SMEs to help support their growth ambitions.’

Martin Clark, Allia Chief Executive. ‘As a long-standing member of the local third sector, Allia knows the challenges of growth and works to help those in the sector to start, grow, thrive and survive. Having the right forms of grant and loan funding is a critical component of this and we are confident there will be strong interest in the fund, which we hope will achieve some great growth and impact stories over the coming years.’

Deputy Mayor Cllr Anna Smith spoke at the launch and stated ‘This is such an important initiative which will help break down barriers to growth and allow more businesses to scale up. I’m excited that it also allows social enterprises, those businesses that operate for the good of the community, to grow and increase their impact.’

Article from: https://cambridgeshirepeterborough-ca.gov.uk/

Find out more about the CPCA Business Growth and Social Impact Investment Fund.

Aura Life, a provider of funeral services and funeral plan sales, has secured a £350,000 equity investment from the Coast to Capital Growth Fund via appointed fund manager, The FSE Group. The £2+million funding round, which also includes investments from the Oxford Innovation Fund and the FSE Angel Investor Network, will support business growth including the creation of 16 new jobs.

A fully regulated end-of-life planning company, Aura Life, has rapidly emerged as a market-disrupting funeral care provider in the UK as it seeks to address the logistical, financial, and emotional challenges faced by consumers in funeral planning.

Its digital platform simplifies the funeral planning process, providing clarity for families of the deceased, allowing them to focus on managing their grief and celebrating their loved ones without the added stress of logistical and financial burdens.

Dave Jameson, CEO of Aura Life, said: "This funding will enable us to further our mission of creating a society where planning for death is embraced as part of life. Our digital funeral planning service and end of life planning tools ensure that we can cater to the diverse needs of our clients during their most challenging times, and we are thrilled to have the support of The FSE Group and our other investors on this journey."

With funeral costs continuing to rise amidst a cost-of-living crisis, Aura Life offers a viable alternative by providing funerals at a fraction of the cost of traditional services. Their pre-paid funeral plans start at £1095 compared to traditional funerals, which can cost up to £6,000.  

Jonathan Day, FSE Investment Manager, commented: "Aura Life’s innovative approach to funeral planning is combined with an impressive management team and strong market potential. They have successfully navigated FCA registration and, in just over a year, driven sales of over £2m of funeral plans alone. We believe Aura Life is well-positioned to revolutionise the funeral care industry and provide significant benefits to families across the UK."

The direct cremation market, currently valued at around £700m, is growing rapidly with a 600% increase since 2020. With its strong sector partnerships, robust cremation network, and market disrupting funeral solutions for the tech age, Aura Life is poised to succeed in this expanding market.

Coast to Capital Growth Fund is part of Coast to Capital Funding Escalator, which provides eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities.

Somerset based green energy tech business, Gridimp has secured £250,000 debt funding from the British Business Bank’s South West Investment Fund via funding partner The FSE Group.

The company helps businesses join the flexible energy markets to improve sustainability and efficiency using their innovative energy technology.

Their technological and hardware solutions allow companies to monitor their energy usage in real time, and the AI technology helps customers make informed decisions to lower their carbon footprint and reduce costs. This data also gives Gridimp the power to integrate greener energy sources such as wind or battery storage into the existing grid infrastructure.

Enabling customers to use the smart grid easily is critical to the decarbonisation of the UK’s current energy supply and helps providers meet the increasing demand brought on by new sustainable technology like electric vehicles. As even more sources of renewable energy become available Gridimp’s research and development will ensure they continue to meet the needs of an ever-changing market.

Richard Ryan, Co-Founder and Commercial Director at Gridimp, said: “The world is moving towards renewable energy and a more efficient and robust energy grid. We are ready to lead the switch over to a modernised system of power distribution and consumption, giving added access to revenue generating flexibility markets for businesses. We are proud of our products which have come about as a result of collaborations with partners across the globe and are delighted to have received this funding from the South West Investment Fund, which will support our business growth and enable us to employ more staff and move to an office that better suits our needs and growing team.”

The British Business Bank’s £200m South West Investment Fund covers the entire South West region and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.

Rob Ward, Investment Manager at The FSE Group, added:“Gridimp is emerging as a market leader in a sector which is undergoing a desperately needed shake up in terms of sustainability. The dedicated team of engineers, data scientists and energy experts are clearly passionate about what they do and the company’s visionary approach. We were impressed by how easily Gridimp’s technology can be installed and by the value provided to their clients. We wish the team every success for the future and have no doubt about the positive impact they will have on the energy sector.”

Paul Jones, Senior Investment Manager, British Business Bank, said: “Supporting local businesses which drive the UK economy’s transition to net zero is integral to the vision for the South West Investment Fund. Businesses like Gridimp demonstrate how technological innovation in the South West is enabling businesses to make informed decisions about how to reduce their carbon footprint and save money in the process.”

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. The South West Investment Fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.