Participated · Series A · Aug 2026

Cytix offers a change risk management platform that continuously monitors software changes, analyses the security and business risks those changes introduce, determines appropriate security responses, and validates that risks have been addressed. The platform generates evidence of how individual changes were handled to support regulatory and compliance requirements. Cytix positions itself between customers’ software development lifecycles and their risk, security and compliance functions to give security teams visibility into what changed and the associated business risk. The company aims to serve enterprise customers and organisations in regulated industries and delivers its platform directly or through managed-service partnerships with NCC Group and KPMG. Cytix raised $7 million in a Series A led by Northern Gritstone with participation from Auriga Cyber Ventures and NPIF II – PXN Equity Finance to scale product rollout and expand adoption in target markets. The company cites increasing AI-assisted development and continuous delivery as drivers of elevated change-related security risk, referencing research that 62% of security leaders see risk shifting to an immediate issue and 38% strongly agree their organisations are prepared for AI-generated code.

Led · Equity · Aug 2026

Advanced Electric Machines develops and manufactures rare earth- and magnet-free electric motors, with technology applicable across passenger cars, motorcycles, ATVs, trucks, buses, construction machinery and marine sectors. Its platform eliminates permanent magnets and rare earth materials and replaces copper windings with aluminium, aiming to reduce supply-chain risk while delivering competitive performance, efficiency and reduced weight. AEM's technology portfolio includes advanced control strategies, aluminium coils, and higher-speed, smaller, lighter designs that have been productionised. The company manufactures at a commercial-scale facility in Washington and is leveraging that capability to develop higher-torque products for demanding powertrain and industrial applications. The recent funding will support expansion of production capacity and accelerate next-generation product development. The platform was developed at Newcastle University and is supported by existing regional investors who have backed AEM through its evolution.

Led · Seed · Jul 2026

BidScript provides an AI-driven platform to streamline end-to-end tender workflows, helping organisations identify opportunities, automate bid processes and improve submission quality. The company was founded by Henry Brogan and Tyler McCarthy while they were at university and is scaling across the UK and into international markets. Early customers in the UK, US and Middle East have reported improvements in bid win rates of up to 50%. BidScript is initially targeting the construction and engineering, IT, and education sectors. Financially, the startup has raised more than $1 million in total pre-seed funding, including an $800,000 round led by follow-on investment from NPIF II – PXN Equity Finance and new capital from SFC Capital. The firm plans to deploy the funding to grow its team, accelerate product development and expand into new markets.

Led · Seed · Jun 2026

VASO Global develops high-performance structural composite building panels manufactured entirely from recycled waste glass for modular homes. The company operates an automated, semi-autonomous production approach designed to cut traditional residential building timelines from 33 weeks to 10. It recently acquired a 60,000-square-foot production facility in Dumfries and plans to optimise manufacturing there as part of its growth. Leadership includes Co-Founder and Managing Director Eddie Black and CTO Simon Parrish, with Graham McDonald appointed Chairman and Douglas Morrison named Strategic Advisor. VASO structured its incoming supply chain through ECO GROUP as an active project delivery partner. The company raised over £5M in a mixed equity, grant and loan package to fund manufacturing optimisation, market development over the next two years and the creation of up to 70 regional jobs.

Led · Equity · Jun 2026

Silveray designs and manufactures flexible, ultra-thin X-ray film intended to make imaging sharper, less rigid and more comfortable. Its technology is used in industrial radiography—such as testing pipe integrity in oil and gas and detecting faults in aerospace and automotive components. The company is expanding into healthcare, targeting uses including more accessible, portable and affordable X-ray scans, breast cancer screening, radiotherapy and dental imaging. Silveray plans to scale up production and commercial relationships supported by the £5m raise. The firm intends to grow its team by 50% over the next two years to support this expansion.