News

Albion has led a £6.5 million Series A investment round in PayAsUGym (‘PAUG’), the online fitness marketplace, alongside existing co-investor Concentric and individual angels. The investment will be used to build the team, further enhance the product, grow the gym network and overall user base.

PAUG enables gym users to access a national network of thousands of health and fitness clubs, pools, classes and spas, on a flexible pay-as-you-go, short-term pass or unlimited membership basis. The company has rapidly expanded its range of venues…

- Agreement strengthens Orchard’s position as a global leader in gene therapy for rare diseases

- GSK takes 19.9% equity stake in Orchard and seat on board

GSK and Orchard Therapeutics today announced a strategic agreement, under which GSK will transfer its portfolio of approved and investigational rare disease gene therapies to Orchard, securing the continued development of the programmes and access for patients. This acquisition strengthens Orchard’s position as a global leader in gene therapy for rare diseases. GSK will continue to…

Twenty-two leading financial services companies have so far pledged their commitment to help create a culture of social impact investing in the UK.

The signatories which include Albion have pledged to work together to drive forward the key recommendations of the Advisory Group to Government on Social Impact investing. Earlier this month, The Prime Minister, Theresa May, asked Elizabeth Corley, vice chair of Allianz Global Investors, to lead an industry taskforce to progress the Advisory Group’s recommendations.

The statement of…

The UCL Technology Fund has invested in MediaGamma, the predictive analytics software company, as part of a £2m round in partnership with ParkWalk Advisors and the London Co-Investment Fund (LCIF).

MediaGamma has developed a world leading enterprise-grade reinforcement machine learning (self-learning) platform, delivering decisions in under five milliseconds. It has proven its technology in programmatic advertising, building and training more accurate user-profiling and bidding algorithms that vastly reduce customer acquisition costs for…

Optellum (Oxford, UK), a high-tech startup in lung cancer and machine learning and Mirada Medical, an established leader in scientifically advanced quantitative imaging software, are announcing a partnership to accelerate the deployment of deep learning technology to market.  This unique collaboration combines the deep technology and clinical expertise of Optellum with the software platforms and rapid development know-how of Mirada.  They have partnered to address a huge and growing problem in lung cancer diagnosis: the management of patients with…

PSE

Process Systems Enterprise Inc. (PSE), the Advanced Process Modeling (APM) company, today announced it signed a corporate agreement making its industry leading gPROMS equation-oriented modeling technology accessible throughout ExxonMobil. The agreement also provides for co-development of advanced automation and control applications as part of PSE’s gPROMS Operational Excellence Solutions.

The new agreement complements ExxonMobil's long-standing relationship with PSE for detailed engineering design and simulation tools as well as expert…

The UCL Technology Fund has invested in Anon AI, the data anonymisation software developer, as part of a £340,000 pre-seed round in partnership with the London Co-InvestmentFund (LCIF), AI Seed and Ascension Ventures. 

Anon AI is developing software to automate data anonymisation and help developers and data scientists share data securely. The protection of personal data is a big concern for companies and the pressure to maintain data security will intensify when the General Data Protection Regulation (GDPR) comes into force in May 2018.…

Albion is deleighted to congratulate Helen Shaw, Director and Co-Founder of Albion portfolio company Proveca, who has been named as one of the Top 50 Movers and Shakers in BioBusiness 2017.

50 Movers and Shakers in BioBusiness 2017 celebrates leaders whose dedication is about innovation in the healthcare business. These are female leaders that have been recognised for the progress they have made over the past year.

Their achievements demonstrate expertise in their specialised field, general management skills and an ability to…