Edinburgh-based utility company Flexitricity is set to be acquired by Drax in a £42 million deal that the energy giant said will support its plans to build a gigawatt‑scale pipeline of battery energy storage system opportunities. We’re delighted to hear about the ongoing success for the team at Flexitricity after their initial collaborative projective with the University of Edinburgh, facilitated by Interface.

Sofant Technologies Ltd, the Edinburgh-based developer of low-power RF MEMS beamforming solutions for satellite communications, has successfully closed a £6.25 million equity fundraising. Proceeds from the Fundraising will support the scaling of Sofant’s operations, final qualification of its first commercial products, and preparation for early customer deployments in satellite communications, defence and advanced wireless markets. Interface worked with Sofant Technologies to forge a collaboration with the University of Edinburgh.

Wellness start-up, Gutsy Health, have secured £300k in investment to accelerate growth of its range of gut healthy supplements. Interface connected Gutsy Health’s Director Gemma Stuart into the team at SRUC to work on an Innovation Voucher funded collaboration.