Deals of the Week Nov 21 to Nov 25 – a Growth Business round-up

Deals this week include sustainable milk delivery and an app that tells last-minute diners where a table is available

Successful round for Modern Milkman  

Lancashire-based sustainable milk delivery service Modern Milkman has raised £50m in Series C funding. Insight Partners and ETF Partners led the round, alongside Praetura Ventures, Avery Dennison and angel investors. 

The Modern Milkman delivers milk in reusable glass bottles, which are collected, washed and reused. All other packaging is plastic-free, with the start-up claiming to have saved over 55 million plastic bottles to date.  

Cancer treatment start-up raises £17.2m  

Turbine – a London-based start-up which can predict the effectiveness of cancer treatments – raised €20m (£17.2m) in Series A funding. Mercia and MSD Global Health Innovation co-led the round, joined by Day One Capital, Accel, Delin Ventures, and XTX Ventures.  

Turbine’s platform provides a deeper understanding of cancer cell biology and can be used to help pharma companies understand causes of resistance to therapy, identify novel cancer therapies, predict cancer drug efficacy, and allow existing drugs to be targeted at the patients most likely to benefit. 

Plant-based food brand cooks up £5m  

Julienne Bruno, a plant-based food developer, has raised £5m in seed funding. Cherry Ventures led the round with participation from Outsized Ventures, Seedcamp and Nicoya.  

The London-based start-up has a team of chefs producing foods such as dry-aged vegetables and a cheese-like alternative made from soya and coconut milk.  

Software platform Surfboard rides £4.2m wave  

Surfboard, a software platform for customer service teams, has raised £4.2m in a seed funding round led by Speedinvest. Fly Ventures, Seedcamp, Tokyo Black, Nomad Capital, Jag Singh and Foreward VC also participated.  

Surfboard’s all-in-one software platform for planning aims to streamline workflow management across HR, scheduling, messaging and spreadsheets.  

Fintech Atoa banks £1.8m 

Atoa Payments has raised $2.2m (£1.8m) in pre-seed funding. Leo Capital, Passion Capital, Moon Capital Ventures and angel investors led the round.  

Atoa Payments reduces a merchant’s cost of accepting payments by up to 70 per cent and ensures instant payment rather than the standard one to two days for debit cards. The merchant can accept payments from customers via SMS, a link or by displaying a QR code on their Atoa app or QR stand.  

Period care start-up Here We Flow raises £1.7m  

London-based period care and sexual health brand Here We Flo has raised £1.7m in an angel funding round supported by Angel Investment Network.   

Here We Flo intends to challenge the period, bladder and sexual wellness markets with organic and vegan products which are sustainably sourced and free of any dyes, pesticides, plastics and other contaminants that may impact health.  

Last-minute reservation finder served up £1m  

Ambl, a platform for spontaneous people to find last-minute reservations, has raised £1m in a seed funding round led by angel investors.  

Ambl matches diners and drinkers with available venues in real time, meaning last minute spaces created out of no-shows or last-minute cancellations can be filled at the last minute by spontaneous diners or drinkers looking for walk-in availability. 

More Deals of the Week

Deals of the Week Nov 14 to Nov 18 – a Growth Business round-up  

Deals of the Week Nov 7 to Nov 11 – a Growth Business round-up

Deals of the Week Oct 31 to Nov 4 – a Growth Business round-up

Dom Walbanke

Dom Walbanke

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...