Transreport, the UK’s fastest-growing accessibility technology company, has secured £10m in funding from VCTA members Puma Private Equity and Pembroke VCT, to help expand its flagship Passenger Assistance technology.

An investment roundtable was held last week in Sheffield to discuss how the business community and politicians can continue to increase investment in Yorkshire’s fast-growing start-up and scale-up companies.

The VCTA publishes new data gathered from over 600 early-stage companies that have benefited from VCT funding, which shows that deployment of capital into early-stage startups grew 8% year-on-year to £664 million, proving resilient in context of wider UK venture capital funding, which fell by almost a quarter (23%) in 2022.

The VCTA welcomes today’s Treasury Committee report on venture capital, which calls for urgent action across the sector to guarantee continued investment in small businesses. 

VCTA member Maven Capital Partners has today announced that it has led a £1.42 million investment in Chester-based iAM Compliant Limited. The newly secured funding, which includes a £1.1 million investment from the Maven VCTs and a £320,000 investment from NPIF Maven Equity Finance, will be utilised to support iAM's ongoing growth initiatives.

Renewable energy startup, tem., has raised £2.5m in seed funding, led by VCTA member Albion Capital. The funds raised will be spent on expanding the team, developing the product and re-opening the currently oversubscribed platform to more customers in 2023.