A dozen South West companies raised more than £14M equity funding in June

By Nicky Godding

7 July 2022

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A total of 12 South West based companies raised more than £14m in equity funding in June, according to Techspark, the largest and best connected tech network in the West.

Just Move In

Home setup service startup Just Move In — which covers both sales and rentals — launched in the U.K. but has quickly made gains as it attacked the market in a thoroughly holistic manner. Using the platform, a mover can manage council, water, sewerage, energy and broadband in a single environment (not going out to third-party sites), and much more besides. The U.K.-based startup has now raised a new funding round totalling $5 million (£4 million) led by Longbrook Ventures and Love Ventures.

Kensa Group

UK manufacturer and installer of ground source heat pumps, The Kensa Group, announced Legal & General Capital (LGC) has made a further £8 million investment into the company, bringing LGC’s total investment to £15.7 million over two years.

Lillicoco

An e-tailer of women’s antique jewellery has secured a £600,000 growth capital investment from Foresight Group. Lillicoco, which was founded in 2016 by Simon Green and Stacey Lillico, sells items such as rings, bracelets, necklaces and pendants. Most of its clients are based in the US with the remainder equally split between the UK and Europe. Currently based in Bristol, the company plans to use the funding to support the opening of a workshop in Birmingham, as well as hire a local team. It is estimated that 15 to 20 jobs will be created in the region through to 2025.

SEOTesting.com

A Cornwall-based tech start-up has raised £120,000 in early-stage investment from TinySeed – a one-year remote accelerator programme designed to increase the world’s population of independent Software as a Service (SaaS) companies. SEOTesting.com is designed to help people who work on website search engine optimisation (SEO) to grow search traffic from Google.

YesRef

Boost Fund 1 — the UK’s first automated high-volume equity fund aimed at high-growth potential startup businesses — announces its first five investments. The £5m Boost Fund will be the leading UK startup investment fund by volume with plans to complete 100 investments in less than six months. The fund’s investments are selected using Capital Pilot’s Investability Rating System, reflecting the firm’s vision to drive greater diversity in fundraising, through equal access to capital for everyone. Everywhere.

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.