Flypop got bailout cash from the Government’s Future Fund despite not having an operating licence
Forty miles west of Orlando lies the Blue Spring Reserve, a 400-acre gated community protected from the noise of the nearby Florida Turnpike by thick trees. It is a haven for Americans to spend their retirement.
It is also the brainchild of Max Minhas, a British property developer who is not afraid to break with convention.
A street named The Long and Winding Road passes through the centre of the community, with junctions on to the likes of Yellow Submarine Court and Strawberry Fields Road, reflecting the 55-year-old’s passion for the Beatles.
Kano gets another $15m and Future Fund backing for DIY computers
The start-up secured backing from the taxpayer last year
A Kano computer
Credit: Kano
A start-up designing computers for children and classrooms has tapped the taxpayer-backed Future Fund and raised $15.5m (£11m) from the co-founder of Getty Images Jonathan Klein.
Kano, founded in 2013 by Mr Klein’s son Alex, last year secured backing from Microsoft for its “build-it-yourself” computer, designed to encourage children to learn about technology and coding.
Jonathan Klein has been on the company’s board since 2019, but in March led a funding round for the business, according to Companies House filings. The deal would bring its total raised to nearly $60m.
NURVV s new funding round will help the firm branch out into other fitness trackers for cyclists and walkers. It could also be used by the military and in care homes to prevent falls by the elderly.
Innovation: NURVV Run is an insole that sits inside runners trainers and uses sensors to collect data on their running stride and technique to help prevent injury
The firm is working with former Olympic athlete Dame Kelly Holmes and the England Athletics Club to help Britons to run without becoming injured as they recover fitness after months of lockdown.
It has raised £21.2million to date, including £15.7million from Roberts and his wife Ulrica, £4million from venture capital firm Hiro Capital, and £1.5million from the Government s Future Fund.
by Alistair Hardaker
The company uses satellite data to detect areas where the ground may be sinking.
The funding comes from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and the Government’s Future Fund.
The latest funding round comes as the start-up prepares to launch a new online platform, which it said will be the first to give engineers and other professionals access to up-to-date information on ground movement.
SatSense has already secured a contract with environmental search provider Groundsure, which is now using the data in its reports.
SatSense was launched in 2018 by Professors Tim Wright and Andy Hooper from the University of Leeds, who had spent a combined 35 years developing the platform’s algorithms.
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