Investment Update: £51m invested across the South West

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Investment Update: £51m invested across the South West

Can you believe that one twelfth of 2021 is already complete? January seems to have both simultaneously vanished in a flash and taken an age to pass. It is an odd, odd time and it’s clear that many of us are suffering not only with pandemic fatigue but now also with lockdown lassitude too. Thankfully though, for some hardworking souls, January has brought some positive investment news so grab yourself a cuppa and take a moment to hear the latest local news from equity investment land.

In the West of England (Bristol, Bath, North Somerset and South Gloucestershire) we saw 4 companies raise £1.25m of funding between them to start the year. Of these four companies, only one has disclosed their round and received press coverage – you can find the full story about the £900k raised by The Bunch courtesy of Insider here. The funding includes a significant investment from BPEC (Bristol Private Equity Club) and will help The Bunch, who develop software designed to help people in shared living arrangements, expand their range of services.

UpUgo was also successful in closing a significant investment as part of a minority sale in January. You might remember their name because the deal was hot on the heels of the investment they secured and announced in April 2020. The transaction was handled by Cook Corporate Solicitors and covered by Business Leader – read more here.

In the wider South West a further 5 companies raised £50.1m between them with Wildanet (Cornish broadband provider bringing superfast and super-reliable service to homes and businesses throughout the region) securing the vast majority of that figure (read more about their plans for the £50m investment).

One last thing… Sneaking in as headline news for January – we have announced the latest Silicon Gorge pitch competition. This is a bi-annual opportunity for companies raising early-stage funding to apply to pitch in front of a room full of investors. Find out more and encourage the startups you know to apply. 

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