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Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT

Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT
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Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT


Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT
European Innovation Council Fund, Sofimac Innovation and The Faktory Fund Back Nestwave Innovation and Vision
Nestwave, a provider of low-power geolocation IP and cloud services for Internet of Things (IoT) applications, today announced that it has secured a €2.4 million round of financing from the European Innovation Council, the European Commission s newly established venture capital fund, and from current investors Sofimac Innovation (Paris, France) and The Faktory Fund (Liege, Belgium). The new financing round will enable Nestwave to further accelerate the rollout of its hybrid-signal global navigation satellite system (GNSS) and cellular positioning technologies. ....

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Northern Accelerator invests £500k into health and biotech spin-outs


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The business boosting fund, managed by Northstar Ventures, has completed its first two investments which, as part of a wider funding round with other investors, saw two spinouts raise a total of £1,850,000. The fund was officially launched earlier this year to make substantial investments into spin-out businesses with high growth potential, and to attract investors from outside the North East. 
One of the first businesses to receive investment was AMLo Biosciences, a Newcastle University spin-out developing diagnostics for early-stage skin cancer. The company received a total investment of £1.5 million, £400,000 of which came directly from the Seed Investment Fund. They will use the cash boost to enable a market launch in the UK and prepare for international expansion with the commercialisation of their new melanoma test AMBLor in the USA and Australia in 2021. ....

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