News & Insights
Elbow Beach Backs Britain’s Entrepreneurs with Launch of New Up To £80M Climate Impact Fund
Cornerstoned by the British Business Bank, Elbow Beach’s second fund has secured £63M in commitments to date, including up to £50M from the Bank itself. The fund aims to back up to 36 UK startups over four years, supporting pioneering technology solutions to major industry challenges. This follows the success of Elbow Beach’s first £20M fund.
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Latest news
£1.6M Funding for Battery Startup, Anaphite
Elbow Beach Capital announces its further investment support of battery technology company Anaphite. The overall funding of £1.6m consists of £685k grant funding via the Investor Partnerships Future Economy programme and more than £880k committed by private investors.
Strengthening Commitment to Scottish EV Manufacturer
Elbow Beach is pleased to announce a £1m follow-on investment in Munro Vehicles, a manufacturer of all-electric 4x4 vehicles and Scotland’s only volume production car company. This investment takes Elbow Beach’s commitment to Munro to £1.7m+ and it remains Munro’s largest single investor.
Catalysing Sustainable Growth: Risk Management and Building a Network for Change
On this year’s International Day of Climate Action, Elbow Beach Capital hosted its first ever Portfolio Day. The theme of the day was ‘Catalysing Sustainable Growth’, and it explored how start-ups can successfully balance risk management alongside commercial development to unlock sustainable growth.
Backing The World’s First Raspberry Picking Robot
Elbow Beach Capital has invested £1.5m into Fieldwork Robotics, developers of the world's first autonomous raspberry harvesting robot. The robot, named Alpha, analyses the crop, decides when to harvest the raspberries, and places them in punnets ready for delivery to supermarkets.
From the Grid, to the People
Elbow Beach Capital has led a £900k seed investment round into battery technology and energy storage pioneers, Allye. Allye provides distributed energy storage at the grid edge working in partnership with electricity networks to accelerate decarbonisation while enabling end-users to lower energy costs by up to 50%.
